Clariant AG is a Swiss multinational
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 in
Muttenz,
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
, the
public company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...
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. The company has sales of around US$6 billion. Headquarters are officially in
Muttenz, but most central functions are officed in a dedicated corporate centre in nearby
Pratteln
Pratteln (Swiss German: ''Brattele'') is a municipality in the canton of Basel-Landschaft in Switzerland, located in the district of Liestal.
History
Pratteln is first mentioned around 1102-03 as ''Bratello''.
Geography
Pratteln has an area, ...
, both near
Basel
, french: link=no, Bâlois(e), it, Basilese
, neighboring_municipalities= Allschwil (BL), Hégenheim (FR-68), Binningen (BL), Birsfelden (BL), Bottmingen (BL), Huningue (FR-68), Münchenstein (BL), Muttenz (BL), Reinach (BL), Riehen (B ...
,
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
. Clariant's four business areas, are: Plastics & Coatings (around 42% of sales), Care Chemicals (around 25% of sales), Natural Resources (around 21% of sales) and Catalysts (around 12% of sales).
Business history
The company started in 1995, as a spinoff (IPO) of the chemical operations of
Sandoz, which then merged its pharmaceutical business with that of
Ciba-Geigy to form
Novartis
Novartis AG is a Swiss-American multinational pharmaceutical corporation based in Basel, Switzerland and
Cambridge, Massachusetts, United States (global research).name="novartis.com">https://www.novartis.com/research-development/research-lo ...
. (Ciba-Geigy also went on to spin out its chemical operations, called
Ciba Specialty Chemicals, which was later acquired by
BASF.) In 1997, Clariant grew substantially, with the acquisition of the
Hoechst speciality chemicals business.
In 2000, Clariant bought
British Tar Products (BTP plc), in 2006 Clariant bought Ciba's Masterbatches division, and in 2011 Clariant acquired German speciality chemical company
Süd-Chemie. In 2013, Clariant divested its textile chemicals, emulsions and paper specialities businesses to SK Capital. In 2014, Clariant divested its leather services to Stahl Holdings and its detergents & intermediates business to Weylchem of the International Chemical Investors Group. In 2016, Clariant partnered with matchmycolor LLC, a colour know-how company and
Konica Minolta Inc, a Japanese technology company to efficiently colour match the
polyolefin
A polyolefin is a type of polymer with the general formula (CH2CHR)n where R is an alkyl group. They are usually derived from a small set of simple olefins (alkenes). Dominant in a commercial sense are polyethylene and polypropylene. More speciali ...
products easier and faster.
In 2019, Clariant was ranked 126th in the Forbes' list of Americas Best Employers. In 2020, Clariant was ranked 684th in the Forbes list.
In 2022, Clariant sold its Pigments business to a consortium of Heubach Group and SK Capital Partners. Clariant reinvested to retain a 20% stake in the new holding company.
Merger of equals: HuntsmanClariant
In May 2017, Clariant and
Huntsman Corporation
Huntsman Corporation is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers. Huntsman manufactures assorted polyurethanes, performance products, and adhesives for customers like BMW, ...
announced that they would merge, as equals, forming HuntsmanClariant which would be the global leader in specialty chemical production - with the deal valued at $20 billion. Clariant shareholders will own 52% of the new entity, with Huntsman shareholders owning the remaining 48% of shares.
In October 2017, the merger between Clariant and Huntsman Corporation was halted due to concerns that a two-thirds shareholder approval, required by Swiss law, could not be reached. The all stock transaction would not have found support by
White Tale Holdings, which continues to accumulate stocks while opposing the consolidation.
On January 25, 2018, White Tale Holdings, which is a partnership between hedge fund
Corvex Management LP and investment group
40 North, ended its hostility and sold 25% of its stake to
SABIC despite previous assertions that it was a long term holder. Shares tumbled by as much as 11% on that news, wiping out approximately 1 billion Swiss francs ($1 billion) from the company's market value.
Research & development
As of end-2015, some 1,100 of Clariant's some 17,000 employees were engaged in R&D, mainly at the company's 8 global R&D centers and its 50+ technical application centers. In 2015, the company spent CHF 204 million, or 3.5% of sales on R&D.
Sustainability
Clariant has been included in the
Dow Jones Sustainability Index (DJSI) since 2013. Clariant is also a constituent of the DJSI Europe and of the
FTSE4Good Index.
Accounting investigation
On 14 February 2022, Clariant delayed the release of its 2021 annual report and postponed the annual general meeting of shareholders, after saying the company is investigating allegations by internal whistleblowers that staff manipulated accounts to meet financial targets.
Clariant Active Ingredients
In January 2017, Clariant opened a new business unit dedicated to active ingredients for the cosmetic industry. Based in Toulouse, within the Bioparc south of the Oncopole, this new unit is focused on expanding Clariant's portfolio of naturally sourced ingredients with its two strategic partners, BioSpectrum and Beraca.
The new facility includes laboratories for product testing and skin biology studies, and dedicated R&D and marketing teams. At the end of 2017, Clariant Active Ingredients counted 17 employees.
Awards
In 2020 Clariant was awarded the
Henkel
AG & Co. KGaA, commonly known as Henkel, is a German multinational chemical and consumer goods company headquartered in Düsseldorf, Germany. It is active in both the consumer and industrial sectors. Founded in 1876, the DAX company is organ ...
Adhesive Technologies Sustainability Award and also Clariant the ICIS Innovation Award in the categories "Best Product" and "Best Sustainable Process".
See also
*
Nipastat
Nipastat is the brand name for a mixture of parabens (parahydroxybenzoates) by Clariant, a chemicals company. Parabens are a type of compound used as a preservative in pharmaceuticals, cosmetics, and food. Nipastat is a white powder at room temper ...
*
List of oilfield service companies
Notes
References
* Anna Bálint: ''Clariant clareant. The beginnings of a specialty chemicals company'', Campus Verlag, Frankfurt am Main/New York 2012, .
External links
*
{{Authority control
Specialty chemical companies
Chemical companies of Switzerland
Companies listed on the SIX Swiss Exchange
Multinational companies headquartered in Switzerland