Welcome to E-News Update from Plastics & Rubber Asia

June 2011

LEAD FEATURE

BASF banking on engineering resins in Asia

COMPANY NEWS

Graham to be bought by Reynolds

BASF adding more compounding capacity in Europe

Clariant expects higher sales

China's coatings market benefits from white pigment

Styrolution born out of styrenics

More PET in the global market

BMS on track with R&D centre in China

MATERIALS NEWS

Carbon fibres not out of steam yet

PP the subject of a carbon footprint study

MACHINERY NEWS

Large diameter pipe machinery to Norway

European machinery associations heave a sigh of relief

EXHIBITION NEWS

Asia to lead composites growth

INJECTION MOULDING ASIA

New resin improves productivity for medical devices

Automotive vanes take to PEEK

Resin targets thinwall packaging

Moulds enhanced for thinwall moulding

RUBBER JOURNAL ASIA

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Clariant expects higher sales

wiss speciality chemicals supplier Clariant has raised its 2011 sales and margin targets, with a sales growth in the high single-digit range compared to 2010 and an EBITDA margin between 13.5-14.5%. For 2015, Clariant is targeting sales above CHF10 billion and an EBITDA margin before exceptional items above 17%.

CEO Hariolf Kottmann commented, "With the beginning of 2011, Clariant has switched from restructuring to growth. Our well-positioned traditional businesses have further potential to improve their performance while the newly to be integrated Süd-Chemie businesses will drive higher sales growth and help to improve our margins. Applying our value-based performance management approach, we are confident to achieve our mid-term targets until 2015, using both organic growth and portfolio management."

Clariant also reconfirmed its policy of paying a stable dividend going forward, with the intention to resume dividend payments for the full year in 2011.