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Ciba 1H 2008: Water & Paper Treatment
F O C US by Harpic across the area and Veja in Brazil. In Health & Personal Care, Dettol and Veet drove growth, particularly with Dettol personal care benefiting from range extensions in the personal wash segment and additional investment. For its 2Q FY 2008, the Household, Health & Personal Care segment of Reckitt Benckiser has reported net revenues of £1434 M (£1119 M for its 2Q FY 2007), of which: fabric care accounted for £369 M (£306 M), surface care £264 M (£227 M), dishwashing £184 M (£147 M), home care £205 M (£180 M), and health & personal care £396 M (£316 M). Operating profit for the combined segment was £270 M (£224 M). For its 1H FY 2008, this segment has reported net revenues of £2842 M (£2380 M for its 1H FY 2007), of which: fabric care accounted for £720 M (£605 M), surface care £532 M (£459 M), dishwashing £370 M (£305 M), home care £422 M (£364 M), and health & personal care £768 M (£605 M), and operating profit of £538 M (£445 M). Press release from: Reckitt Benckiser plc, 103-105 Bath Road, Slough, SL1 3UH, UK. Tel: +44 1753 217800. Fax: +44 1753 217899 Website: http://www.reckittbenckiser.com (28 Jul 2008)
Rhodia financial report half-year ended 30 Jun 2008: Novecare For its 2Q FY 2008 (period ends 30 Jun 2008), the Novecare business segment of Rhodia has reported net sales of €240 M (€247 M for its 2Q FY 2007), recurring EBITDA of €30 M (€33 M), and operating profit of €21 M (€23 M). For its 1H FY 2008, this segment has reported net sales of €475 M (€490 M for its 1H FY 2007), recurring EBITDA of €58 M (€63 M), and operating profit of €40 M (€46 M). The negative 8.6% impact on net sales mainly corresponding to the enterprise’s businesses in the US reflects exchange rate fluctuations, mainly arising from the depreciation of the dollar against the euro. At constant scope and currency conversion, net sales rose by 6.3%. The growth of volumes in the agrochemicals market and formulations for oil drilling continued in 1H 2008. New selling price increases generated a positive 7.2% impact on net sales. The decline in operating profit is due to the 7.9% OCTOBER 2008
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decrease in recurring EBITDA from €63 M in 1H 2007 to €58 M in 1H 2008. The recurring EBITDA margin amounted to 12.2% in 1H 2008 (12.9%). Growth in volumes generated a positive impact of €2 M. Selling price increases, which had a positive impact of €32 M, more than offset the €25 M rise in raw material and energy costs. Exchange rate fluctuations generated a negative €7 M impact. Fixed costs rose by €5 M mainly due to growth projects and inflation. The decrease in Novecare’s operating profit was also attributable to the positive €1 M consolidation scope impact, the negative €1 M transactional exchange rate impact, the negative €1 M impact from other operating income and expenses in addition to the rise in restructuring costs and depreciation, amortization and impairment of €2 M. For the remainder of 2008, Novecare should benefit from new opportunities to raise selling prices due to a favourable trend in its markets.
cost of Yen 770 M ($720,000). The Thai plant is a jv between Sahapattanapiboon Co Ltd and Lion.
Press release from: Rhodia, Immeuble Coeur Defense, Tour A, 110 Esplanade Charles de Gaulle, 92400 Courbevoie, France. Tel: +33 1 53 56 64 64. Fax: +33 1 53 56 64 59. Website: http://www.rhodia.com (5 Aug 2008)
Ingredients and functional technologies supplier for the cosmetic and personal care sectors Diow Products Inc has been purchased by Centerchem Inc. A West Coast office in the USA will be established by Centerchem to bolster its presence currently represented by ET Horn. Organza, StrataGel, LumyNel polymers, DiowGel silicones, DiowSperse and DiowShield dispersions, petalatum and Diocide preservatives are some of Diow’s products.
Ciba 1H 2008: Water & Paper Treatment For its 1H 2008 (period ends 30 Jun 2008), the Water & Paper Treatment business segment of Ciba Inc has reported net sales of SFR 1183 M (SFR 1286 M for its 1H 2007) and an operating loss of SFR 573 M (operating income of SFR 28 M). In addition to serving the paper & board and water treatment industries, the segment provides whiteners and antimicrobials for detergents and hygiene effects for a variety of personal care products.
Oils and Fats International, Jul 2008, 24 (6), 12
AkzoNobel to integrate Specialty Polymers Group into existing businesses The former ICI’s Specialty Polymers Group will be merged by AkzoNobel into its other Specialty Chemicals business divisions in a bid to facilitate product line synergies and share support infrastructure. The move will make Elotex a part of AkzoNobel Functional Chemicals, and Alco and Personal Care a part of AkzoNobel Surfactants, which will change its name to AkzoNobel Surface Chemistry. Chemical Business (India), Jun 2008, 22 (6), 76
Centerchem acquires Diow Products
HAPPI, Household & Personal Products Industry, Aug 2008, 45 (8), 120
McIntyre Group expands Young’s territory
Lion to boost Thai detergents output
Brook Park, OH, USA-based Young Chemical’s sales distribution deal with McIntyre Group has been expanded to include the southeastern Ohio and Indiana territories in the USA. The deal now includes the entire McIntyre product lines of speciality blends, amine oxides, surfactants and preservatives. Young Chemical previously distributed McIntyre products in West Virginia, western New York, western Pennsylvania, northern Ohio and Michigan.
Lion Corp of Japan plans to double its detergents production in Thailand at a
HAPPI, Household & Personal Products Industry, Aug 2008, 45 (8), 120
Press release from: Ciba Inc, Klybeckstrasse 41, CH4002 Basel, Switzerland. Tel: +41 61 636 1111. Fax: +41 61 636 2222. Website: http://www.cibasc.com (19 Aug 2008)
COMPANY NEWS
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Rhodia financial report half-year ended 30 Jun 2008: Novecare For its 2Q FY 2008 (period ends 30 Jun 2008), the Novecare business segment of Rhodia has reported net sales of €240 M (€247 M for its 2Q FY 2007), recurring EBITDA of €30 M (€33 M), and operating profit of €21 M (€23 M). For its 1H FY 2008, this segment has reported net sales of €475 M (€490 M for its 1H FY 2007), recurring EBITDA of €58 M (€63 M), and operating profit of €40 M (€46 M). The negative 8.6% impact on net sales mainly corresponding to the enterprise’s businesses in the US reflects exchange rate fluctuations, mainly arising from the depreciation of the dollar against the euro. At constant scope and currency conversion, net sales rose by 6.3%. The growth of volumes in the agrochemicals market and formulations for oil drilling continued in 1H 2008. New selling price increases generated a positive 7.2% impact on net sales. The decline in operating profit is due to the 7.9% OCTOBER 2008
O N
S U R FAC TA N T S
decrease in recurring EBITDA from €63 M in 1H 2007 to €58 M in 1H 2008. The recurring EBITDA margin amounted to 12.2% in 1H 2008 (12.9%). Growth in volumes generated a positive impact of €2 M. Selling price increases, which had a positive impact of €32 M, more than offset the €25 M rise in raw material and energy costs. Exchange rate fluctuations generated a negative €7 M impact. Fixed costs rose by €5 M mainly due to growth projects and inflation. The decrease in Novecare’s operating profit was also attributable to the positive €1 M consolidation scope impact, the negative €1 M transactional exchange rate impact, the negative €1 M impact from other operating income and expenses in addition to the rise in restructuring costs and depreciation, amortization and impairment of €2 M. For the remainder of 2008, Novecare should benefit from new opportunities to raise selling prices due to a favourable trend in its markets.
cost of Yen 770 M ($720,000). The Thai plant is a jv between Sahapattanapiboon Co Ltd and Lion.
Press release from: Rhodia, Immeuble Coeur Defense, Tour A, 110 Esplanade Charles de Gaulle, 92400 Courbevoie, France. Tel: +33 1 53 56 64 64. Fax: +33 1 53 56 64 59. Website: http://www.rhodia.com (5 Aug 2008)
Ingredients and functional technologies supplier for the cosmetic and personal care sectors Diow Products Inc has been purchased by Centerchem Inc. A West Coast office in the USA will be established by Centerchem to bolster its presence currently represented by ET Horn. Organza, StrataGel, LumyNel polymers, DiowGel silicones, DiowSperse and DiowShield dispersions, petalatum and Diocide preservatives are some of Diow’s products.
Ciba 1H 2008: Water & Paper Treatment For its 1H 2008 (period ends 30 Jun 2008), the Water & Paper Treatment business segment of Ciba Inc has reported net sales of SFR 1183 M (SFR 1286 M for its 1H 2007) and an operating loss of SFR 573 M (operating income of SFR 28 M). In addition to serving the paper & board and water treatment industries, the segment provides whiteners and antimicrobials for detergents and hygiene effects for a variety of personal care products.
Oils and Fats International, Jul 2008, 24 (6), 12
AkzoNobel to integrate Specialty Polymers Group into existing businesses The former ICI’s Specialty Polymers Group will be merged by AkzoNobel into its other Specialty Chemicals business divisions in a bid to facilitate product line synergies and share support infrastructure. The move will make Elotex a part of AkzoNobel Functional Chemicals, and Alco and Personal Care a part of AkzoNobel Surfactants, which will change its name to AkzoNobel Surface Chemistry. Chemical Business (India), Jun 2008, 22 (6), 76
Centerchem acquires Diow Products
HAPPI, Household & Personal Products Industry, Aug 2008, 45 (8), 120
McIntyre Group expands Young’s territory
Lion to boost Thai detergents output
Brook Park, OH, USA-based Young Chemical’s sales distribution deal with McIntyre Group has been expanded to include the southeastern Ohio and Indiana territories in the USA. The deal now includes the entire McIntyre product lines of speciality blends, amine oxides, surfactants and preservatives. Young Chemical previously distributed McIntyre products in West Virginia, western New York, western Pennsylvania, northern Ohio and Michigan.
Lion Corp of Japan plans to double its detergents production in Thailand at a
HAPPI, Household & Personal Products Industry, Aug 2008, 45 (8), 120
Press release from: Ciba Inc, Klybeckstrasse 41, CH4002 Basel, Switzerland. Tel: +41 61 636 1111. Fax: +41 61 636 2222. Website: http://www.cibasc.com (19 Aug 2008)
COMPANY NEWS
7