Clariant’s sales up by 6.7%

Speciality BOPP films

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Deepak Parikh, vice-chairman andmanaging director, Clariant Chemicals(India)
Deepak Parikh, vice-chairman and managing director, Clariant Chemicals (India)

Clariant Chemicals (India)’s net sales for the core continuing businesses grew by 6.7% for the nine months ended 30September 2015. During the three-month period ended 30September 2015, the sales in the company’s core business segments registered a marginal increase of 0.4%. The profit and loss before exceptional items for the three months ended September 2015 was at Rs. 5 crore as against Rs. 3 crore in the previous year.

Deepak Parikh, vice-chairman and managing director, Clariant Chemicals(India), said, “Clariant in India continues to demonstrate positive growth trends, despite our exports being softer owing to the slowdown in certain geographies. The company remains commit-ted to profitable product portfolio management, enhancing productivity,sharpening customer focus and intensifying its innovation drive. As part of ourfuture-proofing strategy, we are continuously investing in our assets. The new Masterbatches unit in Vashere near Bhiwandi in Mumbai is another significant step in this direction. We are committed to drive accelerated growth in India and expect the outlook for the next quarter to be positive.”

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