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The Textile Magazine
August 2012
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95
Clariant
Chemicals’
net sales
up 8.5%
Clariant Chemicals (India)
Ltd.’s net sales for the quarter
ended June 30, 2012, is up at
Rs. 282.1 crores from Rs. 260.1
crores for the corresponding pe-
riod of the previous year. Profit
(before exceptional items) for the
period stood at Rs. 44.1 crores
(Rs. 43.7 crores). After consider-
ing the exceptional items and tax
expenses, net profit amounted to
Rs. 30.8 crores (Rs. 30.4 crores).
For the six-month period
ending June 30, 2012, net sales
rose from Rs. 488.3 crores to
Rs. 521.4 crores, in comparison
with the corresponding period of
the previous year. Net profit for
the period amounted to Rs. 62.5
crores (Rs. 253.9 crores).
The Board of Directors of the
company has considered pay-
ment of an interim dividend of
Rs. 10 per share for 2012.
Clariant has undergone a fun-
damental change in recent years.
After successfully completing a
restructuring phase, it has reso-
lutely aligned itself for profitable
growth. It wants to become the
global leader in specialty chemi-
cals – competitive, innovative,
and sustainable – with outstand-
ing value creation for all its
stakeholders and partners.
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In the US, the National High-
way Traffic Safety Administration
(NHTSA) is already focused on
improving standards of protection
against side-impact crashes. Such
improvement is expected to open
up new areas of growth, such as
inflatable curtains.
The scenario in emerging markets
such as Brazil, China and India is
very different. Demand for new
cars in these countries has been
growing significantly in recent
years thanks to rising employment
levels, economic prosperity and
increases in discretionary income.
This has boosted automotive pro-
duction in these countries and the
trend likely to continue as vehicle
ownership rates per head are lower
than those in developed markets.
Indeed, whereas light vehicle pro-
duction in Japan, Western Europe
and the US is forecast to remain
below the 2007 levels until at least
2017, production in the rest of the
world is set to more than double
over the 10-year period.
Rising demand in Asia in particu-
lar presents enormous commercial
potential for the automotive indus-
try and therefore for the airbags
sector.
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technical textiles