MUMBAI, March 28, 2013 (The Hindu Business Line) -Clariant Chemicals (India) today said its board has approved the proposal to divest the business of textile chemicals, paper specialities and the emulsion products, for a consideration of Rs 209.15 crore.
The divestment of the company's business includes a textile chemical plant situated at Roha. The Roha site has multi-business, multi-product production facilities and the textile chemical plant occupies a minor proportion in the overall site, a company statement said here.Read more
First quarter sales up 18% in local currencies and 13% in CHF, driven by acquisitions
EBITDA margin before exceptional items at 12.1%, compared to 16.1% in the previous-year period, reflecting the expected soft start to 2012, with lower demand compared to the high basis of the previous year