Clariant looks to China with new 2025 goals


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ZURICH, Nov.23 (Reuters) – Specialty chemicals maker Clariant (CLN.S) said it would focus more on the Chinese market, as the Swiss company on Tuesday presented its new targets for 2025, including a higher profit margin.

Clariant will direct more than a third of its growth investments to China, in order to strengthen its local production in the world’s largest market for specialized chemical ingredients.

By 2025, Clariant wants to increase its share of sales in China to 14%, the company said ahead of its investor day.

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The company is targeting annual sales growth of 4% to 6% and a profit margin before interest, taxes, depreciation and amortization (EBITDA) of 19% to 21%. The company said last month that it is targeting an EBITDA margin of 16% to 17% in 2021.

Clariant, whose products range from catalysts for chemical production and fuel processing to chemicals for personal care products, is also keen to make small acquisitions to achieve its goals.

Clariant last month raised its sales forecast for the full year and expressed confidence in passing on to its customers an “unprecedented” increase in raw material and energy costs. Read more

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Reporting by John Revill Editing by Riham Alkousaa and Silke Koltrowitz

Our Standards: Thomson Reuters Trust Principles.

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