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Clariant

Clariant is a speciality chemicals company, formed in 1995 as a spin-off from Sandoz. The company is focused on four business areas: care chemicals (consumer and industrial); catalysis; natural resources (oil & mining, minerals); and plastics & coatings. Headquartered near Basel, Switzerland, the public company encompasses 110 operating companies in 53 countries. Major manufacturing sites are located in Europe, North America, South America, China and India. In 2015, sales from continuing operations were 5.8 billion CHF.

European markets account for about one-third of sales, while Asia-Pacific, North America and Latin America account for about one-fifth each. Net income in 2015 was 227 million CHF, while EBITDA was 853 million CHF, yielding an EBITDA margin (as a percentage of sales) of 14.7% before exceptional items. The company’s post-2015 target is an EBITDA margin of 16-19%. EBITDA margin in the 2010-15 period was 10-15%, above its sub-10% levels of 2001-09. Clariant management aims to boost EBITDA margin further by: cost cutting and efficiency; sales growth, especially in Asia; and innovation in products and business processes.