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99//20082008 SeptemberSeptember Markets and Companies Photovoltaics While the global economy THE NEWSPAPER Materials lead the way slows, emerging markets in thin-film and organic gain momentum FOR T HE CHEMICAL AND photovoltaics @nicknick/Photocase.de Page 4 LIFE SCIENCES MARKET S Page 8 @Jarts/Photocase.de POWERED BY Limited Access Chinese Port Restrictions During Olympics Create Logistical Challenges No Dangerous Goods – The CHEManager Europe: How have Due to a lack of knowledge, goods cargo both for im- and authorities and companies, it is Chinese government has taken these bans affected your busi- these rules are often im- export, while this is not in line not always clear what products ness? plemented incorrectly with the regulations that have are part of this list and which extra precautions to make sure or too strict on a been issued. ones aren’t. the 2008 Olympic games go off K. Loyens: First of all, it is local implementa- Newsflow important to note the restric- tion level. What is the reason behind these What is your company doing to without a hitch. tions that have been issued by arbitrary restrictions? work around these extra prob- Teva Pharmaceutical Industries al- the central and local authori- For example? lems? legedly is in talks to make another The Chinese authorities have ties are often different from K. Loyens: There is often insuf- acquisition even before closing its placed some extreme restric- the actual implementation of K. Loyens: We’ve ficient knowledge and under- K. Loyens: We try to be as crea- takeover of Barr Pharmaceuticals. tions on the import of dangerous those restrictions by the ex- noticed that ports standing of dangerous goods tive as possible in our commu- The company in question is German goods for a four-month period ecutive departments. The bans that are not linked classification on an operational nication with port and customs generics drug firm Stada. Neither Teva covering the Olympics in Beijing. for the port of Shanghai for in- with any Olympic level of port authority or cus- authorities through referring nor Stada were ready to comment at The restrictions, which began stance are only limited to cer- activities are also toms departments. In order to to the policies, making sure we press time. Shares in Stada surged as on June 1, ban movement of tain classes of dangerous goods implementing strict- avoid any risks, and due to lack have the right Chinese product much as 13 % on renewed speculation all dangerous goods in Beijing, – classes 1, 7, 5.2 and part of er rules and making of knowledge, certain goods are name to create as much clarity that Germany’s third-largest generics Tianjin, Qinhuangdao, Shang- 6.1. All other dangerous goods it more difficult for being refused, even if they do as possible and different classes drugmaker, worth around €2 bil- hai, Shenyang and Hong Kong. are officially not subject to any im- and exporters than not belong to the restricted dan- of products can be distinguished lion, could be taken over. Teva, the Also, the discharge and loading restrictions. the national regulations gerous goods classes, etc. from each other. world’s largest generics company, of dangerous goods is prohibited Nevertheless, we notice that require. We’ve also noticed We have built up good con- has long sought to gain a foothold in at the ports of Beijing, Tianjin, on a day-to-day implementa- that many of the ocean Are there any goods that are tacts with the authorities and Germany, one of the largest generic Xingang, Qinhuangdao, Shang- tion level, the actual practice carriers reject most particularly at risk? try to communicate as good as drug markets in the world, and grow- hai, Shenyang, Qingdao and is a lot more complex. or even all dan- possible with our customers, to ing. With the acquisition of Barr, Teva Hong Kong. Manufacturers have gerous K. Loyens: There is a lot of keep them updated on any de- is also expanding its European busi- been advised to adjust their pro- confusion mainly around the velopments and assist them. ness. The acquisition of a German duction schedules so that the “hypertoxic” products. This is a company, if carried out, should not movement of these goods is not Chinese classification, and has Many companies that import come as a surprise. More surprising necessary during the period. no significant correlation with hazardous chemicals into Chi- is the proximity to the acquisition of Brandi Schuster asked Kevin Kevin Loyens International Maritime Dan- na are now facing a backlog Barr, which will cost Teva $9 billion, Loyens, general manager of General man- gerous Goods or UNNO classi- on orders. How will your com- including Barr’s debt. Kerry-Talke Chemical Logistics, ager of Kerry- fications. It is a list of products pany cope with the increase in about the effects of the ban on Talke Chemical issued in 2002 with a supple- the chemical industry. Logistics ment issued later. For many Continues Page 3 BASF plans to sell more of its styren- ics business than initially planned. The German chemicals company is now also putting the production of styrene copolymer on the auction bloc. BASF also said in a statement Gearing Up it will reorganize its global styren- ics operations into independent Brenntag Screens Opportunities for Further Expansion subsidiaries to be set up in January 2009 while it continues its year-long Chemical Distribution CHEManager Europe: Mr. Hol- Eastern European infra- metics, industrial and house- continue to grow our food ingre- search for a buyer. BASF’s styrenic – Brenntag finished 2007 with land, in 2007 Brenntag Group structure. hold cleaning and detergents dients business in this regard. commodities and copolymers units recorded external sales of €6.7 sectors with particular product The underlying strategy for generated sales of about €4 billion record results. With an increase billion. What part of this figure During the year 2007 and strength in the surfactants and Brenntag as a full-line chemi- in 2007. of 9 %, the company’s revenues accounts for Europe? the first five months of oleo chemical lines. cal distributor is a two-channel 2008, Brenntag completed The Yara transaction in- approach with one channel fully climbed to €6.7 billion, the S. Holland: In this respect you eight acquisitions to add cludes ammonia nitrate solu- geared to specialty chemicals. Symrise has a shortlist of 10 possi- have to take into considera- to both product and geo- tion, aqueous ammonia and operating Ebita increased by ble acquisition targets, Gerold Linz- tion that Brenntag had to face graphic portfolios. Which weak nitric acid supply activi- What makes the specialties seg- bach, chief executive of the German 14 %. Eliminating currency slightly restrained dynamics of these acquisitions have ties conducted from the Köping ment so attractive for Brenn- maker of scents and flavours, told exchange effects, sales and in some European economies, expanded your European production site in Sweden and tag? Euro magazine. Two of the targets competitive market conditions business? the Kemira GrowHow produc- are “hot” candidates he aims to buy operating Ebita increased by and high raw material costs. In tion site in Belgium, the latter S. Holland: The size of the mar- this year, he added. Symrise “always 13 % and 18 %, respectively, a nutshell: In 2007, Brenntag S. Holland: Our European also adding concentrated nitric ket and the above-average has about 10 companies on the radar underpinned its position again network has most recent- acid supply activities to our growth rates make specialties screen” to add new technologies and revealing the strong underlying as a European leading chemical ly been expanded by the portfolio. very interesting for us. We are to expand geographically, he said in growth. distributor with external sales acquisitions of Natural responding to what our princi- an interview to be published in Euro’s of €3.8 billion. World in Italy, Abaci in Natural World and Abaci both pals are looking for. You need September edition. Linzbach also con- Turkey and the chemical expand your specialties segment, a different selling approach for firmed the company’s goal for full- The global leader in chemical What is your strategy for grow- supply activities of Yara which is a declared key area for specialties and deeper customer year sales to increase 6 % to 7 % and distribution operates in excess of ing your business in Europe? International at the sites Brenntag in Europe. contact, and we are re brand- 300 locations in 55 countries and in Köping, Sweden and ing our offering in certain areas Ebita to grow 6 %, both adjusted for Steve Holland currency swings. Sales in the first six offers an extensive distribution S. Holland: Besides organic Member of the executive board, Tertre, Belgium. S. Holland: Yes indeed, special- step by step. months of 2008 were €676 million, network for industrial and spe- growth, we will continue to look Brenntag Holding In terms of products, ties account for roughly more up 6.7 % (in local currencies) from cialty chemicals. Michael Reu- for acquisition opportunities Natural World added than one third of Brenntag’s Capital expenditures in 2007 last year. bold spoke with Steve Holland, and we will maintain our rein- are continuing our expansion, extensive technical expertise in European business, i.e. about for Brenntag worldwide totaled member of the executive board vestment and upgrading strat- to some extent through acqui- the dairy and bakery industries €1 billion in sales. You see us €95 million. Can you give some Brenntag Holding and respon- egy in Europe. Opportunities sitions, which provide a signifi- as well as in food performance acquire niche operations, which examples of investments you sible for European Operations for growth can be found in geo- cant synergistic case.

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