Emerald Hilton Davis buys carbon black dispersions business
- Publisher
- Elsevier Science
- Year
- 2008
- Weight
- 61 KB
- Volume
- 2008
- Category
- Article
- ISSN
- 0969-6210
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✦ Synopsis
M on sales of SFR 6.523 bn (roughly $5.7 bn) for the year to end-December 2007. This compares against the underlying profit of SFR 312 M on sales of SFR 6.352 bn for 2006, before deducting losses on the sale of discontinued operations. Disposals included Ciba's Textile Effects business, sold to Huntsman at the end of June 2006, and the sale of Ciba's masterbatch assets, mostly to Clariant during Q4 2006.
The divestments were part of Ciba's ongoing Operational Agenda programme, commenced in 2006 and designed to improve efficiency and to foster profitable growth. Several production sites have been shut down, with total restructuring expenses amounting to SFR 69 M in 2006 and SFR 118 M in 2007. Cost