Clariant expects to reduce its cost base by some CHF 300 million compared to 2004. All factors considered, the company anticipates higher net income in 2005.
“Clariant is well underway in creating a leaner and more efficient company and I am confident this will ensure they achieve their goal of being among the leaders in the specialty chemical sector,”. Loesser said.
Switzerland based Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Clariant, which is represented on five continents with over 100 group companies, employs about 25,000 people. Headquartered in Muttenz near Basel, it generated sales of around CHF 8.5 billion in 2004.
Clariant's businesses are organized in five divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Functional Chemicals.
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