09222018Sat
Last updateWed, 19 Sep 2018 11am
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Clariant makes a step change into higher value specialties

Creation of a new and stronger Clariant with sales of approximately CHF 9 billion and an EBITDA margin of around 20 % in 2021

Intended transaction to combine Clariant’s Additives and high value Masterbatches with parts of SABIC’s Specialties business to form the Business Area High Performance Materials which will provide customers with significant benefits and strategic advantages
Remaining Plastics & Coatings business (Pigments, standard Masterbatches and Medical Specialties) to be divested by 2020
The new Clariant will benefit from an enhanced specialty portfolio, creating the basis to accelerate profitable growth and become a leading player in each of its Business Areas
Attractive prospects in Care Chemicals, Catalysis and Natural Resources with further improvements in margins
Clariant is a dedicated and strong partner providing innovative, specialized solutions for profitable growth and a sustainable tomorrow


CLARIANT AND SABIC ENTER GOVERNANCE AGREEMENT DEFINING THE LONG-TERM STRATEGIC RELATIONSHIP

Agreement underlines long-term commitment of SABIC as strategic anchor shareholder creating value for all stakeholders

Extraordinary General Meeting scheduled for 16 October 2018 to decide on expansion of Clariant Board of Directors to 12 members; four Board members to be nominated by SABIC
Current Clariant CEO Hariolf Kottmann proposed as new Chairman of the Board
Ernesto Occhiello appointed new CEO effective as of 16 October 2018
Clariant to continue as an independent listed company headquartered in Switzerland under Swiss corporate governance
Clariant and SABIC, two world leaders in chemicals, today jointly announced the signing of a Governance Agreement that determines the principles of Clariant’s future governance, defines SABIC’s position as a strategic anchor shareholder and confirms Clariant’s independence as a publicly-listed company under Swiss corporate governance.

SABIC recently completed the purchase of a 24.99 % stake in Clariant.

Messe Düsseldorf holds topping-out ceremony for New Southern Section

Messe Düsseldorf has reached the halfway point in one of the most ambitious construction projects in its history. Today is the day when the large construction site on the River Rhine witnessed the topping-out ceremony for the new Hall 1. Comprising the new Hall 1 and the state-of-the-art South Entrance, this stunning complex will strengthen Messe Düsseldorf as an international meeting point for industry and also as an economic factor for Düsseldorf as the capital of North Rhine Westphalia.

Meredith Corporation To Sell TIME Media Brand To Marc And Lynne Benioff

Meredith Corporation (NYSE:MDP) – the leading media and marketing company reaching 175 million American consumers each month – including 80 percent of U.S. millennial women – announced today it has entered into a definitive agreement to sell the TIME media brand to Marc and Lynne Benioff for $190 million in cash. The transaction is subject to customary closing conditions and regulatory approval and is expected to close within 30 days.

Plockmatic Group acquires Watkiss Automation Ltd.

Plockmatic Group, one of the world’s leading developers and manufacturers of document finishing technology, has acquired Watkiss Automation Ltd. based in the UK. The acquisition extends the Plockmatic booklet making range into the high-end market segment where digital prints are created using both toner and advanced high-speed inkjet technology. Watkiss machines are sold by the world’s leading printing systems manufacturers under the PowerSquareTM brand. The newly acquired company also sells offline booklet making systems through a worldwide network of dealers, plus a range of selected finishing products through a direct sales team in the UK.

Ultimaker expands global activities and opens new APAC office in Singapore

Leading 3D printer manufacturer Ultimaker has opened new offices in Singapore in order to meet the growing demand for Ultimaker 3D printers in the Asia-Pacific region. Benjamin Tan, former Channel Director at Dassault Systèmes, has been appointed as Vice President Asia Pacific at Ultimaker in Singapore.

Zanders GmbH: insolvency proceedings are opened Business operations are continued

On 1 September 2018, Cologne district court has opened insolvency proceedings over the assets of Zanders GmbH. Lawyer Dr. Marc d'Avoine was appointed as insolvency administrator. The managing directors Ferlan, Köhler- Ma and Dr. Geiser have at the same time discontinued their previous operational activity.

Spandex expands French operations with SERI SERVICE acquisition

Addition of sign and graphics specialist enhances product range and extends coverage in Rhône-Alpes

Spandex, the one-stop supplier of innovative solutions to the sign, graphics and display industries, has expanded its operations in France with the acquisition of SERI SERVICE, an established specialist distributor in self-adhesive and flexible materials and accessories for customers active in visual communications, décor and textile decoration.


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