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Ciba Specialty Chemicals

 
Hoover's Profile: Ciba Specialty Chemicals Holding Inc.
Contact Information
Ciba Specialty Chemicals Holding Inc.
Klybeckstrasse 141
4002 Basel, Switzerland
Tel. +41-61-636-11-11
Fax +41-61-636-12-12

Type: Subsidiary
On the web: http://www.cibasc.com

Ciba Specialty Chemicals aims to make things stronger, brighter, less clingy, and cleaner. (Note to Parents: it can't achieve this with kids.) Ciba produces specialty chemicals through three business segments: coating effects (pigments, anti-static additives, and whitening agents); plastic additives (additives for lubricants and plastics); and water and paper treatment (for the paper production, water and wastewater treatment, detergent, and hygiene industries). Ciba sells in more than 120 countries, mostly in Europe, the Americas, and the Asia-Pacific region; Europe accounts for almost half of sales. BASF, the world's largest chemicals maker, bought Ciba for about $4 billion in 2009

Key numbers for fiscal year ending December, 2007:
Sales: $5,789.8M
One year growth: 11.2%
Net income: $210.4M

Officers:
CEO: Michael Heinz
CFO: Specialty Chemical Manufacturing

Competitors:
Buckman Laboratories
Clariant
Cognis

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Wikipedia: Ciba Specialty Chemicals
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Ciba logo

Ciba is a chemical company based in and near Basel, Switzerland. "Ciba" stands for "Chemische Industrie Basel" (Chemical Industries Basel). It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the previous year of Ciba-Geigy and Sandoz that created Novartis.

They make products in the following areas: Agriculture, Automotive, Construction & Pipes, Electronic materials, Extractive & Process Technologies, Home & Fabric Care, Inks & Graphics, Lubricants, Monomers & Water Soluble Polymers, Packaging, Paints and Coatings, Paper, Personal Care, Photo & Digital Imaging, Plastics & Rubber, Textiles & Fibers, Water treatment [1]

The company is listed on the SWX Swiss Exchange (stock symbol: CIBN).

Contents

History

Part of the merger agreement between Ciba Geigy and Sandoz was that the former's industrial chemicals business would be spun off as a separate business, leading to the formation of Ciba Specialty Chemicals plc.

In 2004 Ciba bought paper chemical manufacturer Raisio Chemicals from Raisio Group. In 2006, Ciba divested its Textile Dyes and Chemical Auxiliaries business in a sale to Huntsman Corporation.

In 2007 the company announced the intention to adopt the name Ciba Inc.

Ciba's board of directors agreed to a 3.4 billion takeover offer from BASF, the world's largest chemicals company, on 15 September 2008.[1]

Board of Directors

  • Michael Heinz Chief Executive Officer
  • Armin Meyer Chairman of the Board
  • Beat W. Hess Vice Chairman of the Board
  • Utz-Hellmuth Felcht Member of the Board
  • Erwin W. Heri Member of the Board
  • Gertrud Höhler Member of the Board
  • Jean-Marie Pierre Lehn Member of the Board
  • Peter Littmann Member of the Board
  • Uli Sigg Member of the Board

References

External links


 
 

 

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