Clariant further Optimizes its Production Network
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Muttenz, November 19, 2009 - Clariant, a world leader in specialtychemicals, today announced plans to further optimize its globalproduction network in order to address overcapacities and to reducecosts.The proposals are the first conclusions of Clariant's 'Global AssetNetwork Optimization' (GANO) project, which comprises a detailedevaluation of Clariant's entire production network. The sitesnominated for closure are Huningue, France; Pontypridd, UK; CIVAC,Cuernavaca in Mexico; and parts of two plants at Clariant sites inGermany, at Gendorf and Frankfurt. In addition, Clariant will nowinitiate an evaluation of all strategic options for its site inOnsan, South Korea.Approximately 570 jobs worldwide will be affected by the proposals.Clariant has entered into consultation with employee representativesand authorities in the affected countries. The company is committedto treating all employees in a fair and transparent manner.Project GANO is part of a wider restructuring program at Clariantaimed at closing the gap the company has compared to peers regardingseveral key performance indicators. The Project addresses thestructural deficits of Clariant's production network as well as longterm overcapacity issues. It will continue to identify furtheroptimization potential.Full implementation of the initial Project GANO proposals affectingthe nominated sites, including transferring production to other partsof the Clariant site network, is expected to be completed between2011 and 2013. The restructuring costs amount to approximately CHF150 million, the vast majority will be booked in 2009 and 2010.Clariant CEO Hariolf Kottmann commented: "As we have stated 2009 and2010 will be years of restructuring for Clariant. Project GANO is akey component of that process. Once completed, it will significantlyimprove the efficiency of our production network and increaseClariant's competitiveness."- end -ContactsMedia RelationsMark Hengel Phone: +41 61 469 66 53 E-Mail: mark.hengel(at)clariant.comArnd Wagner Phone: +41 61 469 61 58 E-Mail: arnd.wagner(at)clariant.comInvestor RelationsUlrich Steiner Phone: +41 61 469 67 45 E-Mail: ulrich.steiner(at)clariant.comClariant - Exactly your chemistry.Clariant is a global leader in the field of specialty chemicals.Strong business relationships, commitment to outstanding service andwide-ranging application know-how make Clariant a preferred partnerfor its customers.Clariant, which is represented on five continents with over 100 groupcompanies, employs around 18 000 people. Headquartered in Muttenznear Basel, Switzerland, it generated sales of CHF 8.1 billion in2008. Clariant's businesses are organized in four divisions: Textile,Leather & Paper Chemicals, Pigments & Additives, Masterbatches andFunctional Chemicals.Clariant is committed to sustainable growth springing from its owninnovative strength. Clariant's innovative products play a key rolein its customers' manufacturing and treatment processes or else addvalue to their end products. The company's success is based on theknow-how of its people and their ability to identify new customerneeds at an early stage and to work together with customers todevelop innovative, efficient solutions.www.clariant.comhttp://hugin.info/100166/R/1355879/329303.pdf --- End of Message ---Clariant AGRothausstrasse 61 Muttenz 1 SwitzerlandISIN: CH0012142631; Index: SMI, SMIEXP, SPI, Swiss All Share Index;Listed: Main Market in SIX Swiss Exchange, SWX Local Caps in SIX Swiss Exchange;
Datum: 19.11.2009 - 07:31 Uhr
Sprache: Deutsch
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