Textile chemicals sales fall for Clariant - sportstextiles: Lea SportsTextiles

News

Textile chemicals sales fall for Clariant

16/02/2012
Specialty chemicals manufacturer Clariant has announced full-year 2011 sales of almost 7.4 billion Swiss francs (CHF), compared to CHF 7.1 billion in 2010. Sales grew by 16% in local currencies and 4% in Swiss francs.

However, sales in textile chemicals fell in 2011 by 18% in Swiss francs to CHF 675 million.

“Textile chemicals has accelerated the relocation of its businesses to Asia to reduce costs and its
exposure to the Swiss franc,” Clariant said in a statement. “After the transfer of the business unit headquarters to Singapore in August 2011, all global key management positions in Asia have now been filled. The relocation of production to Asia, mainly China and India, will be accomplished by mid-2012.”

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.