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INDIA: Clariant records growth of 6.4% in sales turnover in 2008

Clariant Chemicals (India) Limited has recorded the sales turnover (net of excise) of Rs. 916.39 crore as against Rs. 861.44 crore in the previous year. Despite all the challenges in the market place arising out of global recession, the Company during the year registered an overall growth of 6.4% in Sales, 32.9% in Profit before depreciation, interest, exceptional items and tax and 112.3% in net profit after tax over previous year. Effective cost management and constant review of its pricing policy have resulted into further improvement in the operating profit margins (PBDIT) from 12% to 15%. The overall efficiency has yielded higher profit after tax (PAT) of 7.4% to sales as compared to 3.7% in the previous financial year. Considering the consistent performance and the policy of sharing the success pursued by the Company, the Board of Directors has recommended a dividend of Rs. 19 per share (190%) as compared to Rs. 10 per share (100%) paid in the previous year. Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.


Added: February 24, 2009 Source: Agencies







Highlights of the Foreign Trade Policy

The Hon’ble Union Minister of Commerce & Industry, Government of India, had announced the Foreign Trade Policy on 8th April’05. Some of the Salient Features / Highlights of the proposals pertaining to Textile Industry in general and Handlooms in particular are. >> More


Salient features / Highlights of the Foreign Trade policy


Modern Processing Houses

The Indian Home Textile Industry has access to excellent infrastructure facilities and uses the latest technology and machinery.

Many manufacturers have set up state-of-the-art modern processing houses to roll out large volumes of high quality products to meet the international market demands and expectations. Needless to say that India’s Textile Exports have grown exponentially over the last decade.

Eco- Friendly Dyes: Use of Azo-Free Colours

The manufacturers in India are well aware that AZO free colours and dyes should be used. India has discarded the usage of banned materials in the dyeing process with safe substitutes, to ensure eco-friendliness of the products manufactured by the industry.