Clariant

Clariant International Ltd (SIX: CLN) is a Swiss specialty chemicals company headquartered in Muttenz, Switzerland. The company develops and manufactures chemicals for various industries, including care chemicals, catalysts, and adsorbents & additives. Clariant was founded in 1995 as a spin-off from Sandoz and has since grown through acquisitions and organic expansion. The company is listed on the SIX Swiss Exchange and reported sales of CHF 4.377 billion for the full year 2023.

Clariant's product portfolio spans several key areas:

• Care Chemicals: Personal care, home care, industrial applications, and crop solutions

• Catalysts: Products for chemical processes, emission control, and biofuels

• Adsorbents & Additives: Functional minerals and additives for plastics, coatings, and consumer goods

• Industrial & Consumer Specialties: Surfactants, polymers, and other specialty chemicals

• Oil & Mining Services: Solutions for the oil, gas, and mining industries

In recent years, Clariant has focused on strengthening its position as a specialty chemicals company. In April 2024, the company completed the USD 810 million acquisition of Lucas Meyer Cosmetics, expanding its presence in the cosmetic ingredients market. Clariant has also emphasized sustainability, with targets to reduce greenhouse gas emissions across its operations and supply chain. The company expects to achieve an EBITDA margin of 17-18% by 2025, driven by recovery in end markets, the Lucas Meyer Cosmetics acquisition, and ongoing cost savings initiatives.