Clariant Chemicals’ declares special Rs 140 interim dividend 

Polymers India acquires Clariant India’s masterbatch biz  

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Adnan Ahmad vice-chairman and managing director of Clariant Chemicals India Photo Clariant
Adnan Ahmad vice-chairman and managing director of Clariant Chemicals India Photo Clariant

Mumbai 11 July 2020. Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company today announced a special interim dividend on equity shares of Rs. 140 per share, i.e., 1400% of the paid-up equity share capital of the company for the financial year 2020-21. This Special Interim Dividend shall be paid on or after July 19, 2020.

 ‘‘We successfully concluded the sale of our masterbatches business in Clariant Chemicals (India) Limited, to PolyOne Polymers India Private Limited, on a going concern basis by way of slump sale. Over the years, we increased the value of this business to bring it to where it is today. My board and I are now delighted to announce a special interim dividend, to thank our shareholders for the confidence and support they showed by staying with us through the challenges we faced as we continue to build a strong and valuable company.” said Adnan Ahmad, vice chairman and managing director, Clariant Chemicals (India) Limited.

Our view on Clariant divesting masterbatches

At K2019 we became aware of the global simplification of Clariant’s activities and its divestment of the masterbatch business. This was of special interest because at K2019 Clariant was showing some innovations in sustainability-oriented masterbatches. It is good to finally know how the simplification and divestment of the masterbatch business are playing out in India also.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

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As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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