Muttenz, November 24, 2017 – Clariant, a world leader in specialty chemicals, today announced that representatives of its Chairman and Nomination Committee met with White Tale in Zurich, Switzerland. The meeting was initiated in order to identify possible ways to work together following the mutual termination of the merger agreement between Clariant and Huntsman. Yesterday the Board of Directors met and discussed the content and topics of the meeting held earlier in the week and decided on the way forward.
In the discussions with the Chairman and Nomination Committee, White Tale did not present its own strategy or bespoke plans as to how they would further develop Clariant and create long-term sustainable value for all shareholders. White Tale repeated its request to hire yet another investment bank to conduct a strategic review process. Specifically, the Board of Directors perceives this process to be merely focused on finding bidders for various businesses with the ultimate consequence of break-up the company and selling the assets.
This, however, does not align with the entrepreneurial vision, understanding, corporate responsibility and the fiduciary duties of Clariant’s Board of Directors and its management to create long-term and sustainable value for all stakeholders and to further develop the company’s leading position in the specialty chemicals industry. This request therefore was unanimously rejected by the Board of Directors.
In the spirit of being open to major shareholders’ suggestions and with specific respect to White Tale’s request, the Board of Directors offers White Tale the option to initiate a registration process to propose one additional member into the Board of Clariant at the upcoming AGM in March 2018. This will give all shareholders the opportunity to vote on White Tale’s application to serve on Clariant’s Board. In addition, the Board has again offered White Tale the opportunity to sign a non-disclosure agreement which would legally enable White Tale to gain more insight into the current strategy of the Group. This proposal continues to be available to White Tale.
Clariant’s Board and management remain open for further talks with White Tale and all other shareholders.
LANXESS enters battery chemistry business electrolyte production for lithium-ion batteries in Leverkusen Germany
Leuna, April 13, 2021 - DOMO Chemicals has developed a new product family PA66 based black plastics suitable for laser welding, a technology that is increasingly used in joining together thermoplastic parts. DOMO’s new laser transparent Technyl® STAR AF 219 V30 black LT is now available on the market. Read More
Cologne/Leverkusen, April 5, 2021 – LANXESS enters the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a leading global manufacturer of lithium-ion battery materials. Starting already next year, LANXESS will produce electrolyte formulations for lithium-ion batteries under the authorization of the Chinese company. Read More
Cologne, April 2, 2021 – In the manufacture of transmission oil pans, polyamides offer numerous advantages over sheet steel or die-cast aluminum in terms of lightweight construction, cost-cutting functional integration and design flexibility. Polyamide 66 in particular has therefore found widespread use in series production of these large injection-molded parts in recent years. However, polyamide 6 is also very well suited to the purpose, as is evident from an increasing number of applications. Read More
Cologne, March 30, 2021 – A smartphone that sets new standards for lightness, slim design and sustainability is making its debut on the market this March: the Carbon 1 MK II from Berlin-based start-up Carbon Mobile. “Designed and engineered in Germany, the Carbon 1 MK II reignites miniaturization and drives sustainability in connected devices by replacing plastics and aluminum with advanced composite materials for the first time”, says Firas Khalifeh, CEO of Carbon Mobile. The base material for Read More