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Henkel reports strong performance in 1Q 2017
FOCUS s73.93 M for 1Q 2017, increasing by 11.6% compared to 1Q 2016. Original Source: SPC, Soap, Perfumery and Cosmetics, Jul 2017, 90 (7), 28-30 (Website: http://www.cosmeticsbusiness.com/) ã HPCi Media Ltd 2017
COMPANY RESULTS Henkel reports strong performance in 1Q 2017 At s5064 M, Henkel’s sales in 1Q 2017 reached a new record level and grew nominally by 13.6% compared to the prior-year quarter. Positive foreign exchange effects accounted for 1.1% of this growth. The contribution from acquisitions and divestments amounted to 8.5%, mainly as a result of the acquisition of Sun Products [‘Focus on Surfactants’, Sep 2016]. Organic sales, which exclude the impact of foreign exchange effects and acquisitions/ divestments, showed a strong increase of 4.0%. The emerging markets again made an above-average contribution to the organic growth of the group, with a very strong increase in organic sales of 6.7%, while the mature markets registered good organic sales growth of 2.1%. Henkel’s sales in Western Europe grew by 1.8%; Eastern Europe achieved growth of 4.4%. In Africa/ Middle East, sales grew by 2.2%. Sales in the North America region increased by 2.9%. Latin America achieved growth of 8.2% and in the Asia-Pacific region sales grew by 9.1%. Adjusted operating profit improved by 13.8% to s854 M. Adjusted return on sales was 16.9%. The Beauty Care business unit registered good organic sales growth of 2.3% in 1Q 2017. In nominal terms, sales grew by 6.4% to s1011 M. Adjusted operating profit reached s169 M, an increase of 7.4% compared to 1Q 2016. Adjusted return on sales recorded a good increase and reached 16.7%. The Laundry & Home Care business unit generated strong organic sales growth of 3.0% in 1Q 2017. Nominally, sales increased by 29.5% to s1726 M compared to 1Q 2016. Adjusted operating profit grew by 22.8% to s298 M, while adjusted return on sales was at 17.3%. The acquisition of Sun Products contributed significantly to its sales and operating profit. September 2017
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SURFACTANTS
In other news, Henkel reports that 6 of its European production sites (Düsseldorf, Wassertrüdingen, Ferentino, Lomazzo, Montornès and Vienna) have recently received certificates for operating in line with RSPO’s Supply Chain Certification Standard. This follows the successful certification of the company’s global supply chain organization, based in Amsterdam, and represents the latest step forward in Henkel’s commitment to promoting sustainable palm oil along the entire value chain. The majority of the palm-related materials used by Henkel are surfactants based on palm kernel oil, which are incorporated into its detergent and cosmetic products. Original source: Henkel AG & Co KGaA, 11 May & 6 Jun 2017, (Website: http://www. henkel.com) ã Henkel AG & Co KGaA 2017
COMPANY NEWS Activist investors attack ClariantHuntsman deal Activist investors are working to overturn the planned $20 bn merger between US-based chemical producer Huntsman Corp and Switzerland-based speciality chemicals firm Clariant [‘Focus on Surfactants’, Jul 2017]. Investment firm 40 North and hedge fund Convex Management (collectively known as White Tale) have acquired shares to increase their combined stake in Clariant to 7.2% in a bid to drive the company to pursue alternatives to the Huntsman agreement. According to the activists, Huntsman’s basic chemical businesses are not a good match for Clariant and the deal undervalues the company. White Tale is encouraging other shareholders to vote against the merger agreement. Huntsman and Clariant intend to complete the merger by end-2017, with Clariant taking a 52% share. Original Source: Chemical and Engineering News, 10 Jul 2017, 95 (28), 13 (Website: http://cen.acs.org/index.html) ã American Chemical Society 2017
thyssenkrupp inaugurates oleochemical technology centre in Thailand thyssenkrupp has inaugurated its technology centre for the oleochemical
industry in Map Ta Phut, Thailand, to deliver world-class engineering solutions to global customers. Representing an investment of more than s18 M, Map Ta Phut will become thyssenkrupp’s global oleochemical competence centre for R&D, engineering, project execution and technology development services. The Map Ta Phut facility provides the full value chain on site, from state-of-the-art engineering and EPC execution capabilities to labs and pilot plant facilities that guarantee process performance, and for product development hosting Singapore-based Inventa’s production technologies for alkoxylation, esterification and amination. thyssenkrupp recently shipped a large modular plant to Oxiteno for installation at the company’s US facility. The reactor was built in Thailand using the innovative Jet Reactor system, which is reported to offer superior performance with better process automation and control, lower residual alkylene oxide levels, and faster reaction cycle times when compared with conventional stirred reactor designs. Original Source: thyssenkrupp, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 19 Jul 2017, (Website: http://www.specialchem4cosmetics. com)
Conditions placed on Evonik-Huber deal German firm Evonik Industries’ planned $630 M acquisition of JM Huber Corp’s speciality silica business [‘Focus on Surfactants’, Feb 2017] has received conditional approval from the European Commission. Evonik will have to sell its precipitated silica business for dental applications in the Middle East, Europe and Africa, while Huber will have to divest its precipitated silica business for foam inhibitors and its hydrophobic precipitated silica business in the European Economic Area (EEA). The two must divest the operations and offer manufacturing technology and support to a company with an established market presence in the EEA. Both firms have approved the conditions. Evonik plans to raise money to support the Huber acquisition via a hybrid loan worth s500 M. Original Source: Nachrichten fuer Aussenhandel, 22 & 28 Jun 2017, (Website: http://www.maerkte-weltweit.de) (in German) ã MBM Martin Brueckner Medien GmbH 2017
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COMPANY RESULTS Henkel reports strong performance in 1Q 2017 At s5064 M, Henkel’s sales in 1Q 2017 reached a new record level and grew nominally by 13.6% compared to the prior-year quarter. Positive foreign exchange effects accounted for 1.1% of this growth. The contribution from acquisitions and divestments amounted to 8.5%, mainly as a result of the acquisition of Sun Products [‘Focus on Surfactants’, Sep 2016]. Organic sales, which exclude the impact of foreign exchange effects and acquisitions/ divestments, showed a strong increase of 4.0%. The emerging markets again made an above-average contribution to the organic growth of the group, with a very strong increase in organic sales of 6.7%, while the mature markets registered good organic sales growth of 2.1%. Henkel’s sales in Western Europe grew by 1.8%; Eastern Europe achieved growth of 4.4%. In Africa/ Middle East, sales grew by 2.2%. Sales in the North America region increased by 2.9%. Latin America achieved growth of 8.2% and in the Asia-Pacific region sales grew by 9.1%. Adjusted operating profit improved by 13.8% to s854 M. Adjusted return on sales was 16.9%. The Beauty Care business unit registered good organic sales growth of 2.3% in 1Q 2017. In nominal terms, sales grew by 6.4% to s1011 M. Adjusted operating profit reached s169 M, an increase of 7.4% compared to 1Q 2016. Adjusted return on sales recorded a good increase and reached 16.7%. The Laundry & Home Care business unit generated strong organic sales growth of 3.0% in 1Q 2017. Nominally, sales increased by 29.5% to s1726 M compared to 1Q 2016. Adjusted operating profit grew by 22.8% to s298 M, while adjusted return on sales was at 17.3%. The acquisition of Sun Products contributed significantly to its sales and operating profit. September 2017
ON
SURFACTANTS
In other news, Henkel reports that 6 of its European production sites (Düsseldorf, Wassertrüdingen, Ferentino, Lomazzo, Montornès and Vienna) have recently received certificates for operating in line with RSPO’s Supply Chain Certification Standard. This follows the successful certification of the company’s global supply chain organization, based in Amsterdam, and represents the latest step forward in Henkel’s commitment to promoting sustainable palm oil along the entire value chain. The majority of the palm-related materials used by Henkel are surfactants based on palm kernel oil, which are incorporated into its detergent and cosmetic products. Original source: Henkel AG & Co KGaA, 11 May & 6 Jun 2017, (Website: http://www. henkel.com) ã Henkel AG & Co KGaA 2017
COMPANY NEWS Activist investors attack ClariantHuntsman deal Activist investors are working to overturn the planned $20 bn merger between US-based chemical producer Huntsman Corp and Switzerland-based speciality chemicals firm Clariant [‘Focus on Surfactants’, Jul 2017]. Investment firm 40 North and hedge fund Convex Management (collectively known as White Tale) have acquired shares to increase their combined stake in Clariant to 7.2% in a bid to drive the company to pursue alternatives to the Huntsman agreement. According to the activists, Huntsman’s basic chemical businesses are not a good match for Clariant and the deal undervalues the company. White Tale is encouraging other shareholders to vote against the merger agreement. Huntsman and Clariant intend to complete the merger by end-2017, with Clariant taking a 52% share. Original Source: Chemical and Engineering News, 10 Jul 2017, 95 (28), 13 (Website: http://cen.acs.org/index.html) ã American Chemical Society 2017
thyssenkrupp inaugurates oleochemical technology centre in Thailand thyssenkrupp has inaugurated its technology centre for the oleochemical
industry in Map Ta Phut, Thailand, to deliver world-class engineering solutions to global customers. Representing an investment of more than s18 M, Map Ta Phut will become thyssenkrupp’s global oleochemical competence centre for R&D, engineering, project execution and technology development services. The Map Ta Phut facility provides the full value chain on site, from state-of-the-art engineering and EPC execution capabilities to labs and pilot plant facilities that guarantee process performance, and for product development hosting Singapore-based Inventa’s production technologies for alkoxylation, esterification and amination. thyssenkrupp recently shipped a large modular plant to Oxiteno for installation at the company’s US facility. The reactor was built in Thailand using the innovative Jet Reactor system, which is reported to offer superior performance with better process automation and control, lower residual alkylene oxide levels, and faster reaction cycle times when compared with conventional stirred reactor designs. Original Source: thyssenkrupp, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 19 Jul 2017, (Website: http://www.specialchem4cosmetics. com)
Conditions placed on Evonik-Huber deal German firm Evonik Industries’ planned $630 M acquisition of JM Huber Corp’s speciality silica business [‘Focus on Surfactants’, Feb 2017] has received conditional approval from the European Commission. Evonik will have to sell its precipitated silica business for dental applications in the Middle East, Europe and Africa, while Huber will have to divest its precipitated silica business for foam inhibitors and its hydrophobic precipitated silica business in the European Economic Area (EEA). The two must divest the operations and offer manufacturing technology and support to a company with an established market presence in the EEA. Both firms have approved the conditions. Evonik plans to raise money to support the Huber acquisition via a hybrid loan worth s500 M. Original Source: Nachrichten fuer Aussenhandel, 22 & 28 Jun 2017, (Website: http://www.maerkte-weltweit.de) (in German) ã MBM Martin Brueckner Medien GmbH 2017
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