International. Clariant announced an updated strategy and financial outlook, as well as the signing of a Memorandum of Understanding with Sabic on an important collaboration opportunity between the two companies in the area of high-performance materials.
The Group intends to expand further by focusing on customer-specific products and solution offerings with attractive growth prospects and above-average value potential.
By 2021, following the creation of High Performance Materials and the divestment of the Plastics & Coatings business area, Clariant expects to generate significantly higher sales of around CHF (Swiss francs) 9 billion and an EBITDA margin of approximately 20% with an operating cash flow of more than CHF 1.2 billion.
"The portfolio upgrade coupled with the continuation of Clariant's strategy allows the Group to make a major shift in higher-value specialties, which will allow the Group to significantly increase value creation for all of our stakeholders," said Hariolf Kottmann, CEO of Clariant.
The planned combination of high-value Clariant Additives and Masterbatches (color, high-temperature resins and healthcare) and parts of SABIC's Specialties business will create a uniquely positioned supplier of high-performance materials and solutions for specific customers under the name High Performance Materials.
This new commercial area will offer a range of high-performance thermoelectric products, specific to each customer and applied to the competition, for demanding thermoelectro-optics and mechanical environments, special additives and masterbatches in conjunction with an outstanding global composite platform.
Major applications include smart electronics, healthcare, aerospace, automotive, robotics, additive manufacturing, renewable energy, and electric mobility. These applications demand compliance with strict customer specifications that require unique technology and formulation know-how.
