Clariant explores strategic options for textile chemicals
Switzerland-based specialty chemicals company Clariant has announced a new growth strategy.
Speaking at this year’s Capital Markets & Media Day in Munich, CEO Hariolf Kottmann and CFO Patrick Jany said the company plans to increase the company’s EBITDA margin from 13.2% in 2011 to above 17% in 2015.
It will also generate more than 70% of its sales from core non-cyclical business units in the future.
Clariant is evaluating strategic options for its textile chemicals, paper specialties, and emulsions, detergents and intermediates, which will be implemented over the next 18 months.
Mr Kottmann said: "We will implement these portfolio management measures with the same speed and determination as that of our activities in the restructuring phase. They are an important prerequisite for reaching our targets by 2015.
"At that point, a newly aligned Clariant will be even more
profitable and will generate more than 70% of its sales from non-cyclical
business units."
