Clariant to cut costs
These initiatives are the result of a wide review over the past six months of Clariant’s strategy, organisational effectiveness, portfolio components and operating practices.
Clariant plans to build on its strengths in colours, surfaces and performance chemicals. The group’s four divisions – Textile, Leather & Paper Chemicals; Pigments & Additives; Masterbatches, and Functional Chemicals – are to be supported by increasingly centralised and efficient group functions, including sourcing, supply chain management and site services. Clariant began centralising these areas last year and considerable potential is seen to reduce costs further by more effective purchasing and by pooling expertise. This will necessitate closing numerous sites over the next four years, with the main focus in
