- Email: [email protected]
Cognis opens new affiliate in Malaysia
F O C US version of Method Laundry Detergent with Smart Clean Technology from Method. The product is said to require 70% less detergent, water and plastic per load than normal 2X detergents. HAPPI, Household & Personal Products Industry, Jan 2010, 47 (1)
COMPANY RESULTS P&G 1Q FY 2010 sales exceed expectations Net sales of Procter & Gamble Co (P&G) for 1Q FY 2010 (Jul-Sep 2009) surpassed the company’s expectations at $19.8 bn, with a 6% decline versus a projected 7-10% drop. Much of the decline was attributed to the negative effects of currency exchanges. Organic sales were up 2% as price increases and positive product mix more than offset volume declines. Unit volume decreased 3% largely due to a difficult pre-economic crisis base period comparison, market contractions, prior year divestitures and share losses in some categories. These impacts were partially offset by new initiative launches in most segments. The company reported better-thanexpected performances across most business segments for the quarter. Beauty net sales dipped 5% to $4.9 bn on a 2% decline in unit volume; net earnings slipped 1% to $777 M. Net sales in the fabric care and home care segment also dropped 5% to $6.1 bn for 1Q 2009-2010. Baby Care and Family Care net sales declined 5% for the quarter to $3.6 bn. The company raised its outlook for 4Q and fiscal 2010 organic sales growth citing modestly higher expectation for market growth. For fiscal year 2009-2010, the company increased the range of expected organic sales growth by 1% to plus 2% to 4%. Net sales are expected to be up 3% to 6%. For the Oct to Dec 2009 period, the company expected organic sales growth of 2% to 5%. Net sales were expected to increase 3% to 7% versus the prior year. P&G results 1Q 2009-2010, 29 Oct 2009, (The Procter & Gamble Co, 1 or 2, Procter & Gamble Plaza, Cincinnati, OH 45201, USA, tel: +1 513 983 1100, website: http://www.pg.com) & HAPPI, Household & Personal Products Industry, Jan 2010, 47 (1), 90
MARCH 2010
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S U R FAC TA N T S
COMPANY NEWS Cognis opens new affiliate in Malaysia Cognis established Cognis Malaysia Sdn Bhd, a wholly owned subsidiary based in Selangor, Malaysia, in January. The aim is to accelerate the group’s growth in the region by improving the level of service it offers to customers there. The Asia-Pacific region is now Cognis’ third biggest market after Europe and North America, so it was a logical step for the company to devote more resources to its operations in this region. The founding of a dedicated Malaysian affiliate is in keeping with the company’s focus on high-growth markets driven by the wellness and sustainability trends. It represents a significant milestone in Cognis’ activities in the Malaysian market, which has experienced rapid growth in recent years. Cognis Malaysia will employ technical and commercial managers to work on behalf of all three of the company’s strategic business units - Care Chemicals, Nutrition and Health, and Functional Products. Cognis aims to double its sales in Malaysia by 2015 by helping its customers to gain the competitive edge they need to succeed. Press release from: Cognis GmbH, Postfach 130164, D-40551, Düsseldorf, Germany, website: http://www.cognis.com (5 Jan 2010)
Israel Chemicals invests in diversifying portfolio In recent months Israel Chemicals Ltd (ICL) has invested more than $40 M in acquisitions in order to diversify its portfolio. Specializing in fertilizers and speciality chemicals such as flame retardants, the group has now expanded into water treatment and hygiene products. The company says the six acquisitions consolidate its position in Europe and extend its product portfolios in emerging markets. The purchases include Irish company Medentech, which will strengthen the drinking water treatments business unit of the group’s Industrial Products division (ICL-IP). In the hygiene sector, ICL has bought five companies: Primalab
in France; Argochem and Merak in the Czech Republic; and Hyproclean and Ekuline’s cleaning agents division in Germany. These acquisitions will give ICL a large range of hygiene, personal care, cleaning and maintenance products for the agrofoodstuffs, drinks, farming, health and viticulture sectors. Chimie Pharma Hebdo, 21 Dec 2009, (491), 7 (in French) and Chemical Week, 28 Dec 2009, (Website: http://www.chemweek.com)
Zep diversifies with acquisition of Amrep US company Zep, a manufacturer of professional sanitation and maintenance products, has acquired the formulation firm Amrep for about $64.4 M in cash. Atlanta-based Amrep produces a number of cleaning and maintenance products, including aerosols, liquids, lubricants and premoistened wipes, for the industrial and automotive sectors. Zep, which is also based in Atlanta, will gain access to the automotive sector. The acquisition also allows entry into the US-based Asian OEM market, which represents a new and potentially significant growth opportunity for Zep. The firm had an estimated turnover of around $500 M in 2009. Chimie Pharma Hebdo, 11 Jan 2010, (492), 9 (in French)
Dorf Ketal acquires DuPont unit Indian group Dorf Ketal Chemicals, headquartered in Mumbai with facilities in Stafford, TX, USA, has acquired the speciality catalyst unit of DuPont Chemicals and Fluoroproducts. The terms of the deal have not been disclosed. The acquisition includes speciality additives such as Avitex hydrocarbon surfactants and antistatic agents as well as Tyzor titanates and zirconates used as catalysts, vulcanization agents and surface modifiers. Dorf estimates that these activities had a turnover of $50 M in 2008. The company is to build a production unit in India. DuPont will provide assistance in technology transfer and the setting up of the unit. Press release from: Dorf Ketal, Dorf Ketal Tower, D’Monte Street, Orlem, Malad, Mumbai 400064, Maharashtra, India, e-mail: [email protected], website: http://www.dorfketalusa.com (28 Jan 2010) & Chimie Pharma Hebdo, 11 Jan 2010, (492), 10 (in French)
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COMPANY RESULTS P&G 1Q FY 2010 sales exceed expectations Net sales of Procter & Gamble Co (P&G) for 1Q FY 2010 (Jul-Sep 2009) surpassed the company’s expectations at $19.8 bn, with a 6% decline versus a projected 7-10% drop. Much of the decline was attributed to the negative effects of currency exchanges. Organic sales were up 2% as price increases and positive product mix more than offset volume declines. Unit volume decreased 3% largely due to a difficult pre-economic crisis base period comparison, market contractions, prior year divestitures and share losses in some categories. These impacts were partially offset by new initiative launches in most segments. The company reported better-thanexpected performances across most business segments for the quarter. Beauty net sales dipped 5% to $4.9 bn on a 2% decline in unit volume; net earnings slipped 1% to $777 M. Net sales in the fabric care and home care segment also dropped 5% to $6.1 bn for 1Q 2009-2010. Baby Care and Family Care net sales declined 5% for the quarter to $3.6 bn. The company raised its outlook for 4Q and fiscal 2010 organic sales growth citing modestly higher expectation for market growth. For fiscal year 2009-2010, the company increased the range of expected organic sales growth by 1% to plus 2% to 4%. Net sales are expected to be up 3% to 6%. For the Oct to Dec 2009 period, the company expected organic sales growth of 2% to 5%. Net sales were expected to increase 3% to 7% versus the prior year. P&G results 1Q 2009-2010, 29 Oct 2009, (The Procter & Gamble Co, 1 or 2, Procter & Gamble Plaza, Cincinnati, OH 45201, USA, tel: +1 513 983 1100, website: http://www.pg.com) & HAPPI, Household & Personal Products Industry, Jan 2010, 47 (1), 90
MARCH 2010
O N
S U R FAC TA N T S
COMPANY NEWS Cognis opens new affiliate in Malaysia Cognis established Cognis Malaysia Sdn Bhd, a wholly owned subsidiary based in Selangor, Malaysia, in January. The aim is to accelerate the group’s growth in the region by improving the level of service it offers to customers there. The Asia-Pacific region is now Cognis’ third biggest market after Europe and North America, so it was a logical step for the company to devote more resources to its operations in this region. The founding of a dedicated Malaysian affiliate is in keeping with the company’s focus on high-growth markets driven by the wellness and sustainability trends. It represents a significant milestone in Cognis’ activities in the Malaysian market, which has experienced rapid growth in recent years. Cognis Malaysia will employ technical and commercial managers to work on behalf of all three of the company’s strategic business units - Care Chemicals, Nutrition and Health, and Functional Products. Cognis aims to double its sales in Malaysia by 2015 by helping its customers to gain the competitive edge they need to succeed. Press release from: Cognis GmbH, Postfach 130164, D-40551, Düsseldorf, Germany, website: http://www.cognis.com (5 Jan 2010)
Israel Chemicals invests in diversifying portfolio In recent months Israel Chemicals Ltd (ICL) has invested more than $40 M in acquisitions in order to diversify its portfolio. Specializing in fertilizers and speciality chemicals such as flame retardants, the group has now expanded into water treatment and hygiene products. The company says the six acquisitions consolidate its position in Europe and extend its product portfolios in emerging markets. The purchases include Irish company Medentech, which will strengthen the drinking water treatments business unit of the group’s Industrial Products division (ICL-IP). In the hygiene sector, ICL has bought five companies: Primalab
in France; Argochem and Merak in the Czech Republic; and Hyproclean and Ekuline’s cleaning agents division in Germany. These acquisitions will give ICL a large range of hygiene, personal care, cleaning and maintenance products for the agrofoodstuffs, drinks, farming, health and viticulture sectors. Chimie Pharma Hebdo, 21 Dec 2009, (491), 7 (in French) and Chemical Week, 28 Dec 2009, (Website: http://www.chemweek.com)
Zep diversifies with acquisition of Amrep US company Zep, a manufacturer of professional sanitation and maintenance products, has acquired the formulation firm Amrep for about $64.4 M in cash. Atlanta-based Amrep produces a number of cleaning and maintenance products, including aerosols, liquids, lubricants and premoistened wipes, for the industrial and automotive sectors. Zep, which is also based in Atlanta, will gain access to the automotive sector. The acquisition also allows entry into the US-based Asian OEM market, which represents a new and potentially significant growth opportunity for Zep. The firm had an estimated turnover of around $500 M in 2009. Chimie Pharma Hebdo, 11 Jan 2010, (492), 9 (in French)
Dorf Ketal acquires DuPont unit Indian group Dorf Ketal Chemicals, headquartered in Mumbai with facilities in Stafford, TX, USA, has acquired the speciality catalyst unit of DuPont Chemicals and Fluoroproducts. The terms of the deal have not been disclosed. The acquisition includes speciality additives such as Avitex hydrocarbon surfactants and antistatic agents as well as Tyzor titanates and zirconates used as catalysts, vulcanization agents and surface modifiers. Dorf estimates that these activities had a turnover of $50 M in 2008. The company is to build a production unit in India. DuPont will provide assistance in technology transfer and the setting up of the unit. Press release from: Dorf Ketal, Dorf Ketal Tower, D’Monte Street, Orlem, Malad, Mumbai 400064, Maharashtra, India, e-mail: [email protected], website: http://www.dorfketalusa.com (28 Jan 2010) & Chimie Pharma Hebdo, 11 Jan 2010, (492), 10 (in French)
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