For the second quarter Clariant’s profits were up 16.1 per cent. Sales clocked up Rs 256 crores as against Rs 244 crores for the corresponding quarter of the previous year. Sales were Rs 521 crores for the first half of the year as against Rs 502 crores for the corresponding half of the previous year.
The company’s initiatives to upgrade product portfolio is paying dividends, despite the uncertainties like the depreciating rupee and a surge in crude oil prices. Clariant, based in Switzerland, is a specialty chemical company operating in care chemicals, catalysis, natural resources and plastics and coatings. Its corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. It is with several external sustainability initiatives such as the Global Product Strategy and the United Nations Global Compact. Clariant is one of the top European chemical companies being part of the Dow Jones Sustainability Indices.
In India the business includes pigments, masterbatches and additives, which deliver solutions for the emerging industry sectors in India. Clariant has also invested in a state-of-the-art regional innovation center in Mumbai, with an aim to co-create tailormade solutions with customers for the industry.