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Petition of the Procter & Gamble Company for Approval of Proposed Divestiture
PUBLIC RECORD VERSION UNITED STATES OF AMERICA BEFÖRE FEDERAL TRADE COMMISSION COMMISSIONERS: Deborah Platt Majoras, Chairman Pamela Jones Harbour Jon Leibowitz Wiliam E. Kovacic J. Thomas Rosch ) In the Matter of ) ) THEa corporation;PROCTER & GAMBLE COMPANY, ) ) ) Docket No. C-4151 and ) File No. 051-0115 ) THE GILLETTE COMPANY, ) a corporation., ) ) ) PETITION OF THE PROCTER & GAMBLE COMPANY FOR APPROVAL OF PROPOSED DIVESTITURE Pursuant to Section 2.41(f) of the Federal Trade Commission ("Commission" or "FTC") Rules of Practice and Procedure, 16 CF.R. § 2.41(f) (2005), and Paragraph II.A. of the final Decision and Order approved by the Commission in the above-captioned matter, The Procter & Gamble Company ("P&G") hereby fies this Petition for Approval of Proposed Divestitue ("Petition") requesting the Commission's approval of the divestitue of the APDO business, including Right Guard, Soft & Dri, Dry Idea, Natrel Plus, and Balance ("the APDO Assets") of The Gilette Company ("Gilette"), to The Dial Corporation ("Dial"), a subsidiar of Henkel KGaA ("Henkel"). .~ PUBLIC RECORD VERSION I. INTRODUCTION On September 23,2005, P&G and the Commission entered into an Agreement Containing Consent Orders, including an initial Decision and Order and an Order to Maintain Assets. On October 1,2005, pursuant to an Agreement and Plan of Merger between P&G and Gilette dated Januar 27, 2005, P&G completed its acquisition of Gilette. After a period of public comment, on December 15, 2005, the Commission issued its final Decision and Order , ("Order") (with minor changes) and Order to Maintain Assets (without changes) (collectively, the "Consent Agreement"). At the same time it reissued its Complaint (also without changes). -
Mountain Fresh Dial Bar Soap
B-126 Safety Data Sheet Revision Number: 003.0 Issue Date: 04/20/2015 1. IDENTIFICATION OF THE SUBSTANCE OR MIXTURE AND OF THE SUPPLIER Product identifier used on the label: Right Guard® Xtreme Clear Invisible Solid Antiperspirant – Fresh, Clean Right Guard® Clinical Clear Invisible Solid Antiperspirant - Clean Right Guard® Xtreme Clear Heat Shield Invisible Solid Antiperspirant - Mirage Right Guard® Clinical Heat Shield Invisible Solid Antiperspirant - Mirage Dry Idea® Stain Clear Invisible Solid Antiperspirant - Clean Dry Idea® Stain Clear Clinical Solid Antiperspirant - Clean Dry Idea® Stress Shield Invisible Solid Antiperspirant - Inspire Dry Idea® Clinical Stress Shield Invisible Solid Antiperspirant - Inspire Other means of identification: 1819230 (RGX Fresh); 1819274 (RGX Clean); 1819699 (RG Clinical Clear Clean); 1917002 (RGX Heat Shield); 1917007 (RGX Clinical Heat Shield); 1819306 (DI Stain Clear Clean); 1819633 (DI Stain Clear Clinical Clean); 1914317 (DI Stress Shield Inspire); 1914484 (DI Clinical Stress Shield Inspire) Recommended use of the chemical and restrictions on use: AP Stick, Do not use on broken skin. Name, address and telephone number of the chemical manufacturer: The Dial Corporation, a Henkel Company 7201 E. Henkel Way Scottsdale, AZ 85255-9672 USA CHEMTREC: 1-800-424-9300 (24 hours daily) Internet: www.henkelna.com Emergency telephone number: Medical Emergencies: 1-888-689-9082 2. HAZARD IDENTIFICATION The hazards described in this OSHA Globally Harmonized System Safety Data Sheet (SDS) are not intended for consumers, and does not address consumer use of the product. For information regarding consumer applications of this product, refer to the product label. Classification of the substance or mixture in accordance with paragraph (d) of §1910.1200 HAZARD CLASS HAZARD CATEGORY EYE IRRITATION 2B Signal word, hazard statement(s), symbol(s) and precautionary statement(s) in accordance with paragraph (f) of §1910.1200 Signal word: WARNING Hazard Statement(s): Causes eye irritation. -
11, 1946 Published Every Thursday
Paper — Fa* Still Needed Save Youn THE WESTFIELD LEADER THE LEADING AND MOST WIDELY CIRCULATED WEEKLY NEWSPAPER IN UNION COUNTY o. 48 Enlerod FLU Second clasii Matter Post Office, Wcstlleld, N. J, WBSTFIELD, NEW JERSEY, THURSDAY, JULY 11, 1946 published Every Thursday. 20 Page*—S ,elebration Attendance Winning Float In Welcome Home Parade Watermelon Hunt Feature Of Week Council Lets Contract breaks All Records At Playgrounds For Quimby St. Work 11,000 At Fireworks Display. Senior Baseball Rev. Lord Preaching All Events Of Day Are Well Attended. Tournament In At Union Service Expect Job Three Way Tie f 2"" Westfleld's Welcome Home Celebration in honor of the veteran The second of this summer's Un World War II went into history Thursday evening with the final To Be Started A watermelon treasure hunt ion Services will be held Sunda at the fireworks display as another hit in a long list. Even pre- at 11 a. m. in the First Metho th of July skeptics, who predicted the program would be receive highlighted activities at the town's four playgrounds last week. With dist Church, with Dr. John Wesle In Three Weeks S little enhtusiasm, had words of praise and the crowd of speetato: Lord, minister of the church Vriin fireworks display, estimated ice cold pieces of watermelon as pjfaes for the winning teams, the preaching. The sermon topic More Tax Title , Police Chief John R. Schreiber fiiint at Columbus resulted in a tie "Dealing With Fear and Anxiety.' 11000 attested to the complete- Move Begun For with "Dolly" Green and James The second in the series of sum Property Sales L'of the program. -
Sustainability Report 2006 Sustainability Report 2006 Contents Sustainability Performance Contacts and Credits
Sustainability Report 2006 Sustainability Report 2006 Contents Sustainability performance Contacts and credits Sustainability performance from 2002 to 2006 Business performance from 2002 to 2006 Further information Credits Environmental indicators per metric ton of output * Percent; index 2002 R & D and Sustainability Communications Published by: Henkel KGaA, 40191 Düsseldorf, Germany Occupational accidents - 72% Phone:+49(0)211-797-9336 © 2007 Henkel KG a A Heavy metals - 59% 160 Profit (EBIT) +61% Fax:+49(0)211-798-5598 Editorial work and coordination: Waste - 30% 150 Email:wolfgang.zengerling henkel.com R & D and Sustainability Communications: Jan-Dirk Seiler-Hausmann, Wolfgang Zengerling Energy -27% 140 Corporate SHE and Product Safety: Sulfur dioxide - 26% 130 Sales +32% Sustainability Reporting and Stakeholder Dr. Michael Bahn, Uwe Bergmann, Ines Biedermann, Dr. Norbert Fedtke, Christine Schneider Carbon dioxide -21% 120 Dialogue English translation, coordination and proofreading: Wastewater load -18% 110 Phone:+49(0)211-797-3680 ExperTeam ® Neuss: Dave Brandt, Alice Milne, Fax:+49(0)211-798-9393 Water -8% 100 Susan Salms-Moss Email:uwe.bergmann henkel.com Volatile organic compounds 14% Design: Kuhn, Kammann & Kuhn AG, Cologne Typesetting: workstation gmbh, Bonn 2002 2003 2004 2005 2006 Investor Relations Photos: David Surowiecki (cover), Andreas Fechner, *Occupational accidents per million hours worked Phone:+49(0)211-797-3937 Wilfried Wolter, Henkel Fax:+49(0)211-798-2863 Printing: medialogik GmbH, Karlsruhe Email:oliver.luckenbach henkel.com PR: 03 07 18.000 Foreword 1 Employees and jobs 34 Corporate Citizenship ISBN: 978-3-923324-18-7 Employees worldwide 35 Phone:+49(0)211-797-4191 Fax:+49(0)211-798-4040 Henkel in brief 2 Employees by region 35 Email:kai.von-bargen henkel.com Sales 2006 2 Managers 35 The Sustainability Report Value added statement 2006 3 Occupationalsafetyandhealth 39 is printed on Arctic Volume Internet addresses paper from Munkendahl. -
Econopolis Sustainable Equities Fund Description of Funds Econopolis Sustainable Equities Is a Compartment of Econopolis Funds SICAV, a Luxembourg UCITS Fund
Monthly Factsheet 30/09/2020 Econopolis Sustainable Equities Fund Description of funds Econopolis Sustainable Equities is a compartment of Econopolis Funds SICAV, a Luxembourg UCITS fund. The fund aims to deliver Fund manager: a long term return to investors via investments in equity and monetary instruments, without geographical restriction and without restrictions concerning sector or currency allocation. Econopolis Sustainable Equities is aimed at investors with an investor horizon of more than 5 year Comments of portfolio manager Sustainable Equities lost a little ground. There was mixed news in the ght against the coronavirus, a new wave of infections dampened enthusiasm regarding the rapid development of a vaccine, and the ongoing technology battle between the US and China dominated the headlines. In the portfolio, we took prots on e- commerce giant Amazon, smartphone manufacturer Apple, Applied Materials (equipment for semiconductors) and Chr. Hansen, a specialist in cultures, enzymes and probiotics. The positions in Activision Blizzard Co-manager: (gaming), Orpea (care institutions), Vestas (wind turbines) were slightly decreased. We increased the positions in pharmaceutical company AstraZeneca, Becton Dickinson (medical technology company), chip manufacturer Inneon, snack producer Mondelez and food and drink company PepsiCo. We took new positions in Eli Lilly and Henkel. Eli Lilly is a pharmaceutical company that focuses on neuroscience, endocrinology, oncology and immunology. The business has an excellent track record with regard to innovation. The German Henkel is active in chemicals and consumer goods. The company develops, produces and commercialises washing products and detergents, cosmetics, hygiene products, adhesives and glues. Henkel’s market portfolio includes brands such as Loctite, Pritt, Persil, Fa and Schwarzkopf. -
Cosmetics / Toiletries
Information for Our Shareholders Q1 January – March 2007 A World of Brands Quality from 007HEN01977HEN0197_A Aktkt_B Brr_E _2 2704704 1 2277.0 044.2 2007007 1 17:29:247:29:24 U Uhrhr Financial Highlights / Contents Henkel: Financial Highlights in million euros Q 1/2006 Q 1/2007 Change1) Sales 3,048 3,237 6.2 % Operating profit (EBIT) 295 323 9.2 % Laundry & Home Care 114 117 2.7 % Cosmetics / Toiletries 74 82 11.1 % Consumer and Craftsmen Adhesives 44 52 17.5 % Henkel Technologies 90 97 7.8 % Return on sales (EBIT) in % 9.7 10.0 0.3 pp Earnings before tax 261 293 12.3 % Net earnings for the quarter 185 210 13.5 % Net earnings after minority interests 181 205 13.3 % Earnings per preferred share in euros 1.27 1.43 12.6 % Earnings per ordinary share in euros 1.25 1.41 12.8 % Return on capital employed (ROCE) in % 13.1 14.6 1.5 pp Capital expenditures on property, plant and equipment 86 107 24.4 % Research and development expenses 81 85 4.9 % Number of employees (as of March 31) 51,833 52,325 1.0 % 1) calculated on the basis of units of 1,000 euros pp = percentage points Contents 03 Highlights First Quarter 2007 08 Regional Performance 04 Business Performance First Quarter 2007 09 Laundry & Home Care 04 Underlying Trading Conditions 10 Cosmetics / Toiletries 04 Business Performance 11 Consumer and Craftsmen Adhesives 04 Sales and Profit 12 Henkel Technologies 06 Acquisitions and Divestments 13 Consolidated Financial Statements 06 Capital Expenditures 13 Consolidated Segment Information 06 Research and Development 14 Consolidated Statement -
4.1. What Are Adhesives?
INDEPENDENT RESEARCH Henkel 9th November 2017 Strong grip in a challenging environment HPC Fair Value EUR139 (price EUR120.90) BUY Coverage initiated Finalised on 8th November In a slowing Food and HPC sector, Henkel's very resilient growth Bloomberg HEN3 GY profile stemming from a combination of defensive HPC businesses and Reuters HNKG.F cyclical adhesive activities provides the group refuge stock status. This 12-month High / Low (EUR) 128.9 / 106.4 Market capitalisation (EURm) 21,540 resilience coupled with strict cost control and a very solid balance sheet Enterprise Value (BG estimates EURm) 23,798 prompt us to initiate coverage of the preferred share with a Buy Avg. 6m daily volume ('000 preferred 453.8 recommendation and a FV of EUR139. shares) Preferred shares’ free Float 100 A long-term growth profile. Henkel's dual HPC/adhesives profile 3y EPS CAGR 8.4% ensures the group a (3-4% organic growth) Gearing (12/16) 0% long-term resilience Dividend yields (12/17e) 1.47% irrespective of the economic cycle in a universe where numerous Food- HPC groups have seen their organic performance more than halved since YE December 12/16 12/17e 12/18e 12/19e 2012. Revenue (EURm) 18,714 20,083 21,073 22,167 EBIT(EURm) 3,172 3,475 3,761 4,017 Adhesives as a growth engine. Adhesives should continue to drive the Basic EPS (EUR) 4.74 5.13 5.53 5.93 Diluted EPS (EUR) 5.36 5.88 6.38 6.84 group's growth in coming years and offset the temporary weakness in HPC EV/Sales 1.27x 1.19x 1.09x 0.99x activities. -
Henkel Sustainability Report 2004
Sustainability Report 2004 Further information: R & D and Sustainability Communications Phone: +49 (0)211-797-9336 Sustainability Report 2004 Fax: +49 (0)211-798-5598 E-mail: wolfgang.zengerling henkel.com Corporate Sustainability Management Phone: +49 (0)211-797-3680 Fax: +49 (0)211-798-9393 E-mail: uwe.bergmann henkel.com Investor Relations Phone: +49 (0)211-797-3937 Fax: +49 (0)211-798-2863 E-mail: oliver.luckenbach henkel.com Corporate Citizenship Phone: +49 (0)211-797-4191 Fax: +49 (0)211-798-4040 E-mail: michael-rolf.fischer henkel.com Internet addresses www.henkel.com www.sd.henkel.com www.ir.henkel.com www.citizenship.henkel.com Contents Dialogue Contents Sustainability performance from 2000 to 2004 Business performance from 2000 to 2004 Environmental indicators per metric ton of output* Percent; index 2000 Sulfur dioxide -59% 130 Occupational accidents -56% Profit (EBIT) +27% Heavy metals -52% 120 Water -28% Sales +18% Energy -13% 110 Volatile organic compounds -12% Carbon dioxide -12% Wastewater load -9% 100 Global Reporting Initiative (GRI) Waste -7% Credits * Occupational accidents per 200,000 hours worked 2000 2001 2002 2003 2004 Published by: Henkel KGaA, 40191 Düsseldorf, Germany Henkel evaluated the Sustainability Reporting © 2005 Henkel KGaA Performance based on the Henkel Group’s continuing activities. Guidelines of the Global Reporting Initiative (GRI) Editorial work and coordination: R&D and Sustainability Com- in a pilot project as early as 1999. Since that time, munications: Jan-Dirk Seiler-Hausmann, Wolfgang Zengerling; Vision and Values Foreword 1 Henkel has engaged in a continuous constructive Corporate Sustainability Management: Dr. -
Information for Our Shareholders
Information for Our Shareholders Whether limescale, rust, died-on soap or the toughest of stains, new Bref Power Cleaner takes Q3 the effort out of making the en- July – September 2004 tire household gleam. 2 Financial Highlights – Henkel Group in million euros Q 3/2003 Q 3/2004 Change1) 1 – 9/2003 1 – 9/2004 Change1) Sales 2,371 2,772 17.0 % 7,086 7,871 11.1 % Operating profit (EBIT) 172 202 16.7 % 520 575 10.6 % Laundry & Home Care 71 82 14.0 % 215 218 1.5 % Cosmetics/Toiletries 44 52 16.8 % 140 155 10.3 % Consumer and Craftsmen Adhesives 43 46 7.2 % 107 118 10.3 % Henkel Technologies 42 52 23.6 % 143 176 23.3 % Return on sales (EBIT) % 7.3 7.3 0.0 pp 7.3 7.3 0.0 pp Earnings before tax 183 200 9.3 % 553 591 6.9 % Net earnings for the quarter/nine months 121 135 11.6 % 364 399 9.6 % Net earnings after minority interests 118 131 11.0 % 356 389 9.3 % Earnings per preferred share in euros 0.82 0.92 12.2 % 2.51 2.74 9.2 % Earnings per ordinary share in euros 0.81 0.91 12.3 % 2.46 2.69 9.3 % Earnings per preferred share before goodwill amortization in euros 1.05 1.27 21.0 % 3.18 3.74 17.6 % Return on capital employed (ROCE) % 15.8 13.1 – 2.7 pp 16.0 13.2 – 2.8 pp Investments in property, plant and equipment 82 96 17.1 % 218 241 10.6 % Research and development costs 63 71 12.7 % 193 204 5.7 % Number of employees (as of September 30) 49,171 50,814 1,643 49,171 50,814 1,643 1) calculated on the basis of units of 1,000 euros pp = percentage points Contents 03 Highlights Third Quarter 06 Regional Performance 04 Business Performance, Third Quarter -
Information for Our Shareholders
Information for Our Shareholders QApril – June 2 2007 Half Year Financial Report A World of Brands Quality from Financial Highlights / Contents Henkel: Financial Highlights in million euros Q 2/2006 Q 2/2007 Change1) 1 – 6/2006 1 – 6/2007 Change1) Sales 3,230 3,293 1.9 % 6,278 6,530 4.0 % Operating profit (EBIT) 359 339 –5.5 % 654 662 1.2 % Laundry & Home Care 108 111 2.8 % 222 228 2.8 % Cosmetics / Toiletries 95 98 3.0 % 169 180 6.5 % Adhesives Technologies 187 162 –13.7 % 321 311 –3.4 % Return on sales (EBIT) in % 11.1 10.3 –0.8 pp 10.4 10.1 –0.3 pp Earnings before tax 332 326 –1.8 % 593 619 4.4 % Net earnings for the quarter/half-year 248 239 –3.6 % 433 449 3.7 % Net earnings after minority interests 243 234 –3.7 % 424 439 3.5 % Earnings per preferred share in euros 0.57 0.54 –5.3 % 0.99 1.02 3.0 % Earnings per ordinary share in euros 0.56 0.53 –5.4 % 0.98 1.01 3.1 % Return on capital employed (ROCE) in % 15.9 15.4 –0.5 pp 14.5 15.0 0.5 pp Capital expenditures on property, plant and equipment 95 114 20.0 % 181 221 22.1 % Research and development expenses 86 91 5.8 % 167 176 5.4 % Number of employees (as of June 30) 52,095 52,477 0.7 % 52,095 52,477 0.7 % 1) calculated on the basis of units of 1,000 euros pp = percentage points Contents Quarterly Report 15 Outlook 03 Quarterly Report x Highlights Second Quarter 2007 15 Underlying Trading Conditions 04 Major Events 15 Opportunities and Risks 04 Share Performance 15 Updated Sales and Profit Forecast 2007 05 Report Second Quarter 2007 16 Interim Consolidated Financial Statements 05 Business -
BASICS in International Management
BASICS in International Management Company Overview Henkel is a truly global fmcg and adhesives company with sales in excess of €18 bn, affiliates in more than 70 countries and over 51,000 employees. They have been building brands for more than 140 years and today have three active and highly successful divisions: Beauty care, Laundry & Home Care and Adhesive Technologies. Their brands include market leaders such as Syoss, Persil, Dial, Pritt, Loctite and Schwartzkopf. The business The challenge Henkel states it is successful because of its people. It has a Henkel is a leader with brands and technologies with a key priority to recruit and develop talented and hard- diverse portfolio, having grown through a series of working people to help achieve its strategic goals. The significant acquisitions over recent years. Their high company is committed to strengthening its global team and potential people, wherever they are in the world, need to therefore talent management is a central part of Henkel’s understand the way in which Henkel measures itself and forward planning. the strategic way in which it operates. The objective for the programme, agreed with Henkel, is that we help attendees A planned programme of management development has develop the strategic and financial skills appropriate for a been carefully developed covering general management global, marketing-led organisation. The intended learning and leadership development programmes for different outcomes are: management levels under the umbrella of the Henkel Global Academy. A number of global business schools To understand and be able to explain Henkel’s work in partnership to deliver these programmes including competitive position and customer orientation Cranfield School of Management. -
Mountain Fresh Dial Bar Soap
B-112 Safety Data Sheet Revision Number: 018.0 Issue Date: 10/23/2015 1. IDENTIFICATION OF THE SUBSTANCE OR MIXTURE AND OF THE SUPPLIER Product identifier used on the label: Right Guard® Sport Clear Gel Antiperspirant – Active, Fresh, Original, Victory Dry Idea® Advanced Dry Clear Gel Antiperspirant – Unscented, Powder Fresh, Fresh Dry Idea® Stress Shield Clear Gel Antiperspirant – Inspire Right Guard® Xtreme Defense 5 Gel Antiperspirant – Fresh Blast, Arctic Refresh Right Guard® Xtreme Fresh Gel Antiperspirant – Energy, Exhilarate Right Guard® Xtreme Heat Shield Gel Antiperspirant – Mirage Right Guard® Xtreme Odor Combat Antiperspirant Gel - Surge Other means of identification: 1652429, 2055010 (RG Sport Active); 923095, 2055009 (RG Sport Fresh); 1817003 (RG Sport Original); 1896520, 2055006 (RG Sport Victory); 1345039 (DI Adv Dry Unscented); 1345038 (DI Adv Dry Powder Fresh); 1720273 (DI Adv Dry Fresh); 1900815 (DI Stress Shield Inspire); 2052134 (RGX Defense 5 Fresh Blast); 2052131 (RGX Defense 5 Arctic Refresh); 1720314, 2052137 (RGX Fresh Energy); 1816958 (RGX Fresh Exhilarate); 1916350, 2052136 (RGX Heat Shield Mirage); 2033793, 2052140 (Odor Combat Surge) Recommended use of the chemical and restrictions on use: Antiperspirant Gel, Do not use on broken skin. Name, address and telephone number of the chemical manufacturer: The Dial Corporation, a Henkel Company 7201 E. Henkel Way Scottsdale, AZ 85255-9672 USA CHEMTREC: 1-800-424-9300 (24 hours daily) Internet: www.henkelna.com Emergency telephone number: Medical Emergencies: 1-888-689-9082 2. HAZARD IDENTIFICATION The hazards described in this OSHA Globally Harmonized System Safety Data Sheet (SDS) are not intended for consumers, and does not address consumer use of the product.