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☆ Industrial production is outgrowing GDP in China, says Clariant CEO
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndustrial production is outgrowing GDP in China, says Clariant CEOConrad Keijzer, CEO of Clariant, discusses the firm's third-quarter results and consumer confidence.

Persons: Conrad Keijzer Locations: China

☆ Second half of the year expected to be 'slightly stronger,' Clariant CEO says
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSecond half of the year expected to be 'slightly stronger,' Clariant CEO saysConrad Keijzer, CEO of Clariant, discusses the company's latest results and the outlook for the chemical industry.

Persons: Conrad Keijzer

☆ Lower raw material prices drives margin expansion for Clariant, CEO says
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLower raw material prices drives margin expansion for Clariant, CEO saysConrad Keijzer, CEO of Clariant, comments on which of the company's markets are recovering, which are still facing challenges, and his outlook on environmental legislation.

Persons: Conrad Keijzer Organizations: Clariant

☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Falling gas prices are encouraging for the chemicals industry in Europe, Clariant CEO says
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFalling gas prices are encouraging for the chemicals industry in Europe, Clariant CEO saysClariant CEO Conrad Keijzer discusses the company's full-year results and changes to the business' portfolio.

Persons: Conrad Keijzer Locations: Europe

☆ 'Europe does not have an incentive program' for green hydrogen, says Clariant CEO
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Europe does not have an incentive program' for green hydrogen, says Clariant CEOConrad Keijzer, CEO of Clariant, discusses climate change and the focus on AI at Davos 2024.

Persons: Conrad Keijzer Organizations: Davos Locations: Europe

☆ Clariant CEO discusses the 'most attractive' segment in specialty chemicals
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClariant CEO discusses the 'most attractive' segment in specialty chemicalsConrad Keijzer, CEO of Clariant, discusses third-quarter earnings and the firm's plan to acquire cosmetics company Lucas Meyer.

Persons: Conrad Keijzer, Lucas Meyer

☆ BASF cuts 2023 earnings guidance on weak industrial demand
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 12 (Reuters) - German chemicals giant BASF (BASFn.DE) on Wednesday cut its full-year earnings guidance, the latest in a string of chemical companies caught out by weak demand from industrial clients and higher interest rates. In an unscheduled statement, BASF said earnings before interest and tax (EBIT) and adjusted for special items would be 4.0 billion euros to 4.4 billion euros ($4.90 billion) in 2023It had previously projected adjusted EBIT of 4.8 billion euros to 5.4 billion euros for the year, down from 6.9 billion in 2022. "Global chemical production declined perceptibly in the first half of 2023," BASF said in a statement, putting this down to slowing growth in industrial output. Chemical industry peers such as Croda (CRDA.L), Lanxess (LXSG.DE) , Victrex (VCTX.L) , Clariant (CLN.S) and Evonik (EVKn.DE) have recently cut their guidance, prompting several analysts to predict that BASF would be next. Second-quarter adjusted EBIT dropped 57% to 1.01 billion euros, down from 2.34 billion a year ago.

Persons: EBIT, VCI, Ludwig Burger, Sarah Marsh, Jane Merriman, Sharon Singleton Organizations: BASF, Thomson Locations: FRANKFURT, Europe, China

The STOXX 600 (.STOXX) rose 0.1% by 1615 GMT, turning positive midway through the session after data showed the U.S. economy added the fewest jobs in 2-1/2 years in June. However, persistently strong U.S. wage growth pointed to still tight labour market conditions that cemented bets the Fed will resume raising interest rates, later this month. Traders stuck to bets the Fed will raise its benchmark interest rate this month to a 5.25%-5.5% range, but were sceptical of further hikes beyond that. The STOXX 600 fell 3.1% for the week, its worst performance since mid-March. Comments from European Central Bank President Christine Lagarde will be monitored later in the day.

Persons: Candice Tse, Christine Lagarde, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Ankika Biswas, Janane Venkatraman, Shinjini Ganguli, Barbara Lewis Organizations: Federal, Traders, Goldman Sachs Asset Management, Reuters, Coca Cola HBC AG, European Central Bank, Thomson Locations: U.S, China, Gdansk, Bangalore

[1/2] A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File PhotoJune 20 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has approached German plastics and chemicals maker Covestro AG (1COV.DE) with a takeover proposal worth more than 10 billion euros ($10.9 billion), two people familiar with the matter said on Tuesday. The OMV deal would indirectly also increase ADNOC's holding in both European petrochemicals maker Borealis and Abu Dhabi-listed petrochemicals company Borouge (BOROUGE.AD). SABIC (2020.SE), also of Saudi Arabia, in the same year purchased a stake of almost 25% in Swiss chemicals maker Clariant (CLN.S). Thanks to a 2007 deal to buy GE's plastics unit, SABIC competes with Covestro in polycarbonate plastics.

Persons: Christopher Pike, Abu Dhabi's, ADNOC, Sultan, Jaber, Lanxess, SABIC, Ludwig Burger, Patricia Weiss, Christoph Steitz, Hadeel Al, Greg Roumeliotis, Louise Heavens, Sharon Singleton, Elisa Martinuzzi, Alexandra Hudson Organizations: United, United Arab Emirates, REUTERS, Abu Dhabi National Oil Company, Covestro, Alexandra Hudson Our, Thomson Locations: Abu Dhabi, United Arab, Covestro, Europe, Saudi Aramco, Saudi Arabia, Swiss, Frankfurt, Hadeel Al Sayegh, Dubai

[1/2] A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. ADNOC and Covestro declined to comment. The OMV deal would indirectly also increase ADNOC's holding in both European petrochemicals maker Borealis and Abu Dhabi-listed petrochemicals company Borouge (BOROUGE.AD). SABIC (2020.SE), also of Saudi Arabia, in the same year purchased a stake of almost 25% in Swiss chemicals maker Clariant (CLN.S). Thanks to a 2007 deal to buy GE's plastics unit, SABIC competes with Covestro in polycarbonate plastics.

☆ Clariant CEO: Price increases have offset increased costs, but not decrease in demand
▼ + stars: | 2023-05-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClariant CEO: Price increases have offset increased costs, but not decrease in demandConrad Keijzer, CEO at Clariant, discusses first-quarter earnings, and explains the company's pricing strategy.

☆ Goldman Sachs says these 8 beaten-up stocks will turn profitable this year — and outperform the market
▼ + stars: | 2023-03-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs has named eight global stocks of companies that will become profitable this year and beat the broader market. In a new research report, the investment bank found that companies that transition from unprofitable to profitable during a market recovery typically outperform the broader market. Goldman Sachs also said stocks of European companies undergoing this transition are already showing signs of outperformance against the Stoxx 600 by 6%. Pan-European classifieds operator Adevinta and Swiss solar power engineering firm Meyer Burger are also expected to turn profitable this year. However, Goldman cautioned that the bank isn't certain the market has reached its bottom, and the trend applies only in a market recovery scenario.

☆ Clariant CEO: Europe is the market in which we saw the biggest slowdown
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClariant CEO: Europe is the market in which we saw the biggest slowdownConrad Keijzer, CEO of the chemicals company, discusses its earnings and how macroeconomic challenges are affecting the business.

☆ Clariant CEO: Already seeing commodity price increases on China reopening
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClariant CEO: Already seeing commodity price increases on China reopeningConrad Keijzer, CEO of Clariant, speaks to CNBC's Karen Tso at Davos 2023.

☆ Swiss Six exchange opens probe into Clariant whistleblower case
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 12 (Reuters) - Switzerland's Six stock exchange on Thursday opened an investigation into Clariant (CLN.S) over the possible disclosure of price-sensitive information, following whistleblowers' allegations that some staff had manipulated accounts. A spokesperson for the specialty chemical company said the investigation related to a delay in publishing its 2021 results, due to an investigation into the accounting of some provisions and accruals. In February, Clariant delayed the release of 2021 results as independent advisors looked into the allegations that some staff manipulated accounts in 2020 and 2021 to help meet financial targets. In April that investigation concluded that there had been no impact on sales and cash numbers previously reported, it said. Reporting by Miranda Murray and John Stonestreet; Editing by Noele Illien and Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Clariant CEO says peak inflation for materials 'is behind us'
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClariant CEO says peak inflation for materials 'is behind us'Conrad Keijzer, CEO of Swiss multinational chemicals company Clariant, discusses the macroeconomic outlook following their third-quarter earnings report.

☆ Chemicals maker Clariant expects energy and raw materials prices to ease
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: 1 min

ZURICH, Oct 27 (Reuters) - Clariant (CLN.S) expects prices for raw materials and energy to ease in the coming months, Chief Executive Conrad Keijzer said on Thursday. "In raw materials we see a sequential decline in raw material costs," he told reporters after the specialty chemicals company reported its third-quarter results. "Unless there are shortages, which for sure would mean energy costs do spike, we believe there will also be sequential declines in energy costs in Europe. They will remain at a very elevated level to the rest of the world, but from the current levels of 100 euros per megawatt hour we should see some further declines." Reporting by John Revill; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

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