Pursuits
Clariant Aims to Boost Revenue in China, India by 2016/2017
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Clariant AG, which made its biggest takeover in April, aims to more than double sales in China and increase revenue in India fivefold in about five years, as it follows customers relocating to Asia.
Clariant expects to reach sales of 1 billion Swiss francs ($1.13 billion) in China and 800 million francs in India by 2016/2017, Chief Executive Officer Hariolf Kottmann said today in Singapore. In 2010, revenue in China was 424 million francs, or 6 percent of total sales, and in India it was 205 million francs, or 3 percent of the total, according to Bloomberg data.