Clariant seeks assets to grow profitably
By Richard Fu |
July 11, 2013, Thursday
|
Print Edition
Print Edition
CLARIANT, a specialty chemicals maker, is seeking add-on acquisitions in countries, including China, under its strategy for profitable growth but has ruled out major purchases.
Such "bolt-on" acquisitions will help close technology and regional gaps and extend the value chain for the Swiss company, chief executive Hariolf Kottmann said.
"It's highly likely this will happen in China as well," Kottmann said in a recent interview in Zurich. He added the company is eying some targets but refused to reveal them.
But he ruled out another major "transformational acquisition" like the US$2.5 billion purchase of German catalyst maker Sud-Chemie in 2011.
Like other global companies, Clariant is boosting manufacturing and R&D in China to tap demand from rapid urbanization.
Chief Financial Officer Patrick Jany emphasized that in the mid-term, the growth strategy will continue in China, citing the very good development in the oil and mining and consumer care markets in China.
The Chinese mainland sector of the Muttenz-headquartered company contributed 7.5 percent of its global sales last year.
Such "bolt-on" acquisitions will help close technology and regional gaps and extend the value chain for the Swiss company, chief executive Hariolf Kottmann said.
"It's highly likely this will happen in China as well," Kottmann said in a recent interview in Zurich. He added the company is eying some targets but refused to reveal them.
But he ruled out another major "transformational acquisition" like the US$2.5 billion purchase of German catalyst maker Sud-Chemie in 2011.
Like other global companies, Clariant is boosting manufacturing and R&D in China to tap demand from rapid urbanization.
Chief Financial Officer Patrick Jany emphasized that in the mid-term, the growth strategy will continue in China, citing the very good development in the oil and mining and consumer care markets in China.
The Chinese mainland sector of the Muttenz-headquartered company contributed 7.5 percent of its global sales last year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
