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Givaudan aims to grow outside traditional core to counter possible slowing of emerging markets

12:35 PM MDT | August 28, 2015 | Natasha Alperowicz

Swiss flavors and fragrances manufacturer Givaudan has slightly trimmed its five-year organic sales growth target to 4–5%/year in 2015–20, down from the previous 4.5–5.5%/year target announced in 2010 but still outperforming the global...


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MORE EUROPE

TVK changes name to MOL Petrochemicals

TVK (Tiszaújváros, Hungary), central Europe’s leading petrochemicals producer, has changed its name to MOL Petrochemicals as of the beginning of this month. This change follows Hungary’s energy major MOL (Budapest) increasing its...

OCI raises profits, will remain growth platform post CF transaction

OCI (Amsterdam), a producer of fertilizers and methanol currently combining most of its assets with CF Industries, has announced an increase in profits in the first six months of this year. Net income from continuing operations more than doubled from $49.5...

Spot styrene falls sharply in Europe but hefty premium persists for prompt material

It has been a turbulent couple of weeks for aromatics, taking into account the volatility in energy markets. However, styrene spot prices in Europe have tried to hold their ground, unlike falling feedstocks. There was initially a marginal decline in styrene...

Clariant targets North America growth opportunities

Clariant says it sees strong potential in North America and is targeting above-market revenue growth of 7%/year in the region through 2020. Clariant aims to deliver North American sales of $1.8 billion in 2020, up from $1 billion in 2014. “We are still...

NKNK raises profits and revenue on higher volumes and weaker currency

Nizhnekamskneftekhim (NKNK; Nizhnekamsk, Russia), a leading producer of petrochemicals, on Friday reported a major increase in profits and revenues in the first six month of this year. Revenues were 12% higher, at 76.0 billion Russian rubles ($1.14 billion)...

Ajinomoto sells French aspartame business for €1

Ajinomoto (Tokyo) said on Thursday that it decided to sell Ajinomoto Sweeteners Europe (ASE; Gravelines, France), a wholly owned subsidiary producing the low-calorie sweetener aspartame, to HYET Holding (Breda, Netherlands) on 1 October, for a total of...

Perstorp swings to profit driven by higher sales and currency-exchange effects

Perstorp (Perstorp, Sweden) reported 109 million Swedish kronor ($12.9 million) in net earnings during the second quarter, compared with a SK345-million loss in quarter-two 2014, according to the latest company results. Ebitda also grew by almost 45%...

Failed Syngenta bid could lead to further reshuffle in agchems

In an effort to placate its shareholders following Monsanto’s decision to walk away from the proposed bid, Syngenta has confirmed that its board did "engage" with the US company on its latest offer. “After engaging with...

Sika expands production capacity in Russia

Sika (Baar, Switzerland) says that it will open a mortar factory and a plant to produce concrete admixtures, at Volgograd, in southern Russia. Sika also announced that a new production facility, which will manufacture polymers for concrete admixtures, is...

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