Swiss Clariant targets half of 2012 capex on growth projects

15 February 2012 20:24  [Source: ICIS news]

LONDON (ICIS)--Clariant will spend more than half of its capital expenditure on growth projects in 2012, as it focuses on innovation and research and development, the Swiss specialty chemicals company said on Wednesday.

CEO Hariolf Kottmann said innovation will be a key cornerstone in the company’s strategy.

“We will intensify research and development activities in order to increase the number of new innovative products. Innovation is one of the most important drivers for profitable growth in the years to come,” he added.

“Related to the push in innovation and technology and on top of the investments into research and development, we will spend more than half of our capital expenditure for growth projects in 2012,” said Kottmann.

In an interview with ICIS, Clariant chief financial officer Patrick Jany said innovation is vital for profitable growth, and the company has doubled its research and development workforce recently to push this side of the business.

“Finding new ways to provide our customers with innovative products is key to our future success,” he added.

Jany said its new products and technologies will help the company’s development and expansion into India, China and Latin America.

By: Leigh Stringer
+44 208 652 3214

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