Clariant: strategic move into high performance materials

(CercleFinance.com) - Swiss specialty chemicals firm Clariant unveiled on Tuesday a new strategy, entailing a move into high performance materials.


After the Saudi diversified chemicals group SABIC recently took a 24.99% stake in Clariant, the companies have signed a governance agreement and defined a "long-term strategic relationship."

In particular they plan to merge Clariant's additives and high value masterbatches (colour, high temperature resins and health care) and parts of Sabic's specialties to create a provider of high-performance materials.

By 2021, following the creation of this high performance materials unit and the divestment of the remaining plastics and coatings businesses, Clariant expects to deliver significantly higher sales of around 9 billion Swiss francs, with an EBITDA margin of approximately 20% and an operating cash flow of over 1.2 billion Swiss francs.

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