Clariant Chemicals’ declares special Rs 140 interim dividend 

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Adnan Ahmad vice-chairman and managing director of Clariant Chemicals India Photo Clariant
Adnan Ahmad vice-chairman and managing director of Clariant Chemicals India Photo Clariant

Mumbai 11 July 2020. Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company today announced a special interim dividend on equity shares of Rs. 140 per share, i.e., 1400% of the paid-up equity share capital of the company for the financial year 2020-21. This Special Interim Dividend shall be paid on or after July 19, 2020.

 ‘‘We successfully concluded the sale of our masterbatches business in Clariant Chemicals (India) Limited, to PolyOne Polymers India Private Limited, on a going concern basis by way of slump sale. Over the years, we increased the value of this business to bring it to where it is today. My board and I are now delighted to announce a special interim dividend, to thank our shareholders for the confidence and support they showed by staying with us through the challenges we faced as we continue to build a strong and valuable company.” said Adnan Ahmad, vice chairman and managing director, Clariant Chemicals (India) Limited.

Our view on Clariant divesting masterbatches

At K2019 we became aware of the global simplification of Clariant’s activities and its divestment of the masterbatch business. This was of special interest because at K2019 Clariant was showing some innovations in sustainability-oriented masterbatches. It is good to finally know how the simplification and divestment of the masterbatch business are playing out in India also.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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