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    CLN   CH0012142631

CLARIANT AG

(CLN)
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Delayed Quote. Delayed Swiss Exchange - 09/20 11:30:18 am
17.695 CHF   -2.24%
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Clariant : expands its contribution to sustainability with pigments…

07/20/2021 | 01:18am EDT

  • Clariant pigments certified OK compost INDUSTRIAL can be used to color plastic products, including packaging, intended to be compostable
  • Certification awarded by the TÜV AUSTRIA
  • Label opens new color opportunities to masterbatch and packaging producers and helps the fast-moving consumer goods (FMCG) industry fulfill its sustainability commitments

Muttenz, July 20, 2021 - To meet sustainability targets and fulfill commitments to the plastics circular economy, producers of plastic articles are increasingly using polymers that are compostable. Clariant's business unit Pigments is contributing to this growth in compostable plastic articles, with a range of certified OK compost INDUSTRIAL pigments, offering customers new coloring opportunities.

Nine selected products in Clariant's PV Fast® and Graphtol™ ranges now feature the label OK compost INDUSTRIAL, that fully meet the requirements of the European Union EN 13432: 2000 standard when not used above the maximum concentration in the final application, representing a significant contribution to sustainability.

'We are proud of this development that is part of our strategy to offer solutions for more sustainable packaging and to strengthen our product portfolio,' said Andreas Buder, Technical Marketing Manager Plastics at Clariant. 'This certification allows our customers to use bright colors in their biodegradable products, since they are suitable for industrial composting.'

The PV Fast and Graphtol range of pigment powders are high performance organic pigments. Both product ranges are used in various applications in the consumer goods sector, such as sensitive food contact packaging, plastics tableware/dishware or toys.

The coloration of biodegradable polymers requires the pigments to meet certain characteristics in order to be considered compostable. For processing through organic recovery facilities, this requires a low heavy metal and fluorine content, and no ecotoxicity towards plants.

For more information on the nine colorants that have been certified, visit: www.clariant.com/colorants-for-biodegradable-plastics.

™ TRADEMARK OF CLARIANT
PV Fast® IS A TRADEMARK OF CLARIANT REGISTERED IN MANY COUNTRIES.

Disclaimer

Clariant AG published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 05:17:09 UTC.


ę Publicnow 2021
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Sales 2021 4 115 M 4 433 M 4 433 M
Net income 2021 251 M 271 M 271 M
Net Debt 2021 1 066 M 1 149 M 1 149 M
P/E ratio 2021 23,1x
Yield 2021 2,88%
Capitalization 5 831 M 6 286 M 6 282 M
EV / Sales 2021 1,68x
EV / Sales 2022 1,57x
Nbr of Employees 13 057
Free-Float 63,5%
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 18,10 CHF
Average target price 19,93 CHF
Spread / Average Target 10,1%
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Managers and Directors
Conrad Keijzer Chief Executive Officer
Stephan Lynen Chief Financial Officer & Executive Vice President
GŘnter von Au Chairman
Hans Bohnen Chief Operating Officer & Executive Vice President
Eveline Saupper Lead Independent Director
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