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Clariant will be More Active in M&A

3:23 AM MDT | April 10, 2008 |

Natasha Alperowicz

Clariant says it will participate in the chemical industry's consolidation with a more active management of its portfolio, especially in areas where its markets are dominated by "a large number of relatively small competitors." Speaking at today's Annual General Meeting Jan Secher, CEO said that despite restructuring of its operations, Clariant failed to meet some important targets in 2007. The company reduced its sales and general administrative costs by 21%, which helped lessen the impact of higher raw material costs. Its operating margin...

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