Latest news with #ethylene
Reuters
27-05-2025
- Business
- Reuters
Clariant vows to fight ethylene purchasing lawsuit filed by OMV
May 27 (Reuters) - Switzerland's Clariant (CLN.S), opens new tab said on Tuesday it has received a 1-billion-euro ($1-billion) damages claim by Austrian energy company OMV ( opens new tab alleging infringement of competition law on the ethylene purchasing market. "Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings," it said in a statement. Clariant said it was one of four companies targeted by the claim. ($1 = 0.8791 euros)
Yahoo
27-05-2025
- Business
- Yahoo
Clariant rejects OMV's allegations against four companies related to the 2020 competition law infringement
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LRMuttenz, 27 May 2025 Clariant, a sustainability-focused specialty chemical company, today announced that on 26 May 2025, the company received a claim for damages against four companies, including Clariant, from OMV with the court of Amsterdam, The Netherlands. The claim alleges damages totaling to around EUR 1 billion in relation to infringement of competition law on the ethylene purchasing market which was sanctioned by the European Commission in July 2020. Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings. Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market. CORPORATE MEDIA RELATIONS Jochen DubielPhone +41 61 469 63 63 Ellese CaruanaPhone +41 61 469 63 63 Luca LavinaPhone +41 61 469 63 63 Follow us on X, Facebook, LinkedIn, Instagram. INVESTOR RELATIONS Andreas SchwarzwälderPhone +41 61 469 63 73 Thijs BouwensPhone +41 61 469 63 73 This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the company's ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. Clariant is a focused specialty chemical company led by the overarching purpose of 'Greater chemistry – between people and planet.' By connecting customer focus, innovation, and people, the company creates solutions to foster sustainability in different industries. On 31 December 2024, Clariant totaled a staff number of 10 465 and recorded sales of CHF 4.152 billion in the fiscal year. Since January 2023, the Group conducts its business through the three Business Units Care Chemicals, Catalysts, and Adsorbents & Additives. Clariant is based in Switzerland. Attachment Clariant Ad hoc Release_Rejection of OMV Damage Claim 20250527 ENError while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Clariant rejects OMV's allegations against four companies related to the 2020 competition law infringement
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LRMuttenz, 27 May 2025 Clariant, a sustainability-focused specialty chemical company, today announced that on 26 May 2025, the company received a claim for damages against four companies, including Clariant, from OMV with the court of Amsterdam, The Netherlands. The claim alleges damages totaling to around EUR 1 billion in relation to infringement of competition law on the ethylene purchasing market which was sanctioned by the European Commission in July 2020. Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings. Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market. CORPORATE MEDIA RELATIONS Jochen DubielPhone +41 61 469 63 63 Ellese CaruanaPhone +41 61 469 63 63 Luca LavinaPhone +41 61 469 63 63 Follow us on X, Facebook, LinkedIn, Instagram. INVESTOR RELATIONS Andreas SchwarzwälderPhone +41 61 469 63 73 Thijs BouwensPhone +41 61 469 63 73 This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the company's ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. Clariant is a focused specialty chemical company led by the overarching purpose of 'Greater chemistry – between people and planet.' By connecting customer focus, innovation, and people, the company creates solutions to foster sustainability in different industries. On 31 December 2024, Clariant totaled a staff number of 10 465 and recorded sales of CHF 4.152 billion in the fiscal year. Since January 2023, the Group conducts its business through the three Business Units Care Chemicals, Catalysts, and Adsorbents & Additives. Clariant is based in Switzerland. Attachment Clariant Ad hoc Release_Rejection of OMV Damage Claim 20250527 ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Global Ethylene Industry Report 2025: China Leads the Charge in Ethylene Demand and Production on Global Stage
The global ethylene market is projected to grow at a 3.4% CAGR from 2025-2030, driven by strong demand. China remains a leading force in production and consumption. Key insights include ethylene demand/supply by country and type, and upcoming projects. Ideal for those seeking strategic market data. Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Global Ethylene Market (2025)" has been added to offering. This report is essential for investors, industry players, and decision-makers seeking to understand the intricate dynamics of the global ethylene market and to align their strategies with future growth trajectories. China stands as a pivotal leader in both production and consumption, highlighting its influence in the global landscape. As industries continue to evolve, the ethylene market plays a crucial role in meeting the rising demands of various sectors such as packaging, construction, and automotive. The market's adaptability positions it to not only meet current demands but also forecast future needs, thereby driving sustainable growth worldwide. With new projects and expansions on the horizon, stakeholders can anticipate enhanced production capacities that cater to the increasing demand. Noteworthy developments in ethylene production technology and infrastructure are set to further reinforce market stability and growth. The strategic insights offered in this analysis serve as a valuable tool for industry professionals aiming to leverage opportunities in the ethylene market. By staying informed about upcoming changes and trends, businesses can strategically position themselves to capitalize on the anticipated market expansion. Market Scope Comprehensive ethylene demand and supply analysis across key countries. In-depth analysis of ethylene by type, offering nuanced insights into market dynamics. Strategically planned capacity additions, underscoring future growth prospects. Critical details of upcoming ethylene projects, boosting industry insights. Reasons to Buy Gain the most recent and detailed market intelligence on the global ethylene sector. Identify potential opportunities within the ethylene industry, facilitated by insight into key upcoming projects. Enhance decision-making processes through robust historical and forecast data on ethylene capacity. Key Topics Covered: Executive Summary China and the US to be the Key Demand Drivers China to Dominate Global Ethylene Supply Ethylene - Developing Asian Countries Attract Major Trade Flows China to Lead Global Ethylene Capacity Additions Polyethylene Dominates the Ethylene Demand End-User Industries to Drive the Upcoming Ethylene Capacity Additions Key Ethylene Projects Globally Key Upcoming Ethylene Projects For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Clariant rejects Dow Europe's allegations against four companies related to the 2020 competition law infringement
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LRMuttenz, 12 May 2025 Clariant, a sustainability-focused specialty chemical company, today announced that on 9 May 2025, the company received a claim for damages against four companies, including Clariant, from Dow Europe with the court of Munich, Germany. The claim alleges damages totaling to around EUR 767 million in relation to infringement of competition law on the ethylene purchasing market which was sanctioned by the European Commission in July 2020. Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings. Dow Europe was not a supplier of ethylene to Clariant and Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market. CORPORATE MEDIA RELATIONS Jochen DubielPhone +41 61 469 63 63 Ellese CaruanaPhone +41 61 469 63 63 Luca LavinaPhone +41 61 469 63 63 Follow us on X, Facebook, LinkedIn, Instagram. INVESTOR RELATIONS Andreas SchwarzwälderPhone +41 61 469 63 73 Thijs BouwensPhone +41 61 469 63 73 This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the company's ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. Clariant is a focused specialty chemical company led by the overarching purpose of 'Greater chemistry – between people and planet'. By connecting customer focus, innovation, and people the company creates solutions to foster sustainability in different industries. On 31 December 2023, Clariant totaled a staff number of 10 481 and recorded sales of CHF 4.377 billion in the fiscal year for its continuing businesses. As of January 2023, the Group conducts its business through the three Business Units Care Chemicals, Catalysts, and Adsorbents & Additives. Clariant is based in Switzerland. Attachment Clariant Ad hoc Release_Rejection of Dow Damage Claim 20250512 ENSign in to access your portfolio
