SWITZERLAND: REORGANISATION OF SCHWEIZERHALL

Article Abstract:

The Swiss Schweizerhall group has changed its organisational structure so that in future the three divisions of chemicals, pharmaceuticals and luxury goods (Parfums Boucheron) will be independent under the umbrella of Schweizerhall Holding. Schweizerhall has made use of its option to acquire the 49% of shares of Boucheron it did not already own. The chemicals trade division was strengthened through the acquisition of the Synopharm division of Siegfried AG of Zofingen. Synopharm has an annual turnover of SFr 13mn. On the other hand, Schweizerhall sold its 12.5% stake in Saurefabrik Schweizerhalle to Novartis and Clariant. The new structure reflects Schweizerhall's wish to become an international service provider with a high value-added rather than merely a Swiss trading company. In the first half of 1999 Schweizerhall saw turnover fall by 6.2% to SFr 295.5mn, to which industrial chemicals contributed SFr 114mn (SFr 123mn in the year earlier period), fine chemicals SFr 101mn (SFr 117mn) and luxury goods SFr 81mn (SFr 74mn). Operating profit fell from SFr 3.4mn to SFr 0.5mn, but it is expected to recover in the second half. The fall in the first half is explained with the fall of industrial chemical prices and the reorganisation of the fine chemicals division.

Organizational history, Chemicals & Allied Products, Chemical Manufacturing, Toiletries, Toilet Preparation Manufacturing, Chemicals Whsle, Chemical and Allied Products Wholesalers, Chemicals, Chemical wholesalers, Schweizerhall Holding AG

---

Kooperation CSC mit Rolic Research

Article Abstract:

Swiss Basle-based Ciba Spezialit tenchemie (CSC) and Allschwil-based Rolic Research Ltd. have signed a three-year cooperation agreement. The companies are to cooperate in the development of fine chemicals for the LCD industry, and CSC is to get a worldwide exclusive licence for the production, use and marketing of liquid crystal polymers (LCP) and linear photo-polymeric products (LPP) of Rolic.

Comment:

Signs 3-yr corporation deal w/ Ciba Specialit Tenchemie to develop fine chemicals for the liquid crystal display industry

Other Electronic Component Manufacturing, Liquid Crystals, Article, Ciba Spezialit Tenchemie, Rolic Research Ltd.

---

GERMANY/AUSTRIA/ISRAEL: TEXTILE PRINTING R&D

Article Abstract:

A digital textile printing machine is to be developed for series production by the beginning of year 2000 by Dystar, the Kufstein-based engineering company J. Zimmer and Jemtex of Tel Aviv . The machine should have a production speed of up to 200 sq.m per hour.

Israel, Austria, Germany, Textile & Apparel Machinery, Textile Machinery Manufacturing, Strategic alliances, Textile Machinery NEC, Textile machinery industry, Textile machinery, DyStar Textilfarben GmbH, Jemtex, Zimmer Maschinenbau Ges mbH

Similar abstracts:

• Abstracts: SWITZERLAND: STERITEC BOUGHT BY SULZER INFRATEC. GERMANY: VINTRON INVESTING IN VINYL CHLORIDE. South Africa/Germany: Lurgi, Sasol team up
• Abstracts: SWITZERLAND: VIFOR TO EXTEND SITE IN ST. GALLEN. GERMANY: NEW BETA-INTERFERON DEVELOPED. SWITZERLAND: NEW BIOMATERIAL FOR MEDICINE
• Abstracts: SWITZERLAND: MADER EXPAND SYNTHETIC RESIN OUTPUT. GERMANY: BASF UPS GRANULE OUTPUT
• Abstracts: SWITZERLAND: NOVARTIS SCIENTIFIC SERVICE SPINOFF. GERMANY: APL LOGISTICS TAKES CONTROL OF MARE LOGISTIK. SWITZERLAND: DANZAS CHEMICALS FOR SALE
• Abstracts: GERMANY: BIOCARE BOUGHT BY MODEX. GERMANY: DELTON FLEXIBLE PACKAGING TO PENTAPLAST. GERMANY: HYDRO CHEMICALS UNITS TO KRUSE CHEMIE

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.