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  • Brenntag
    behalf of the entire Supervisory Board for his own and his team s outstanding commitment in making Brenntag the global market leader in chemical distribution and successfully taking the company public in 2010 Over the past decades his expertise his leadership and his passion have made the company what it is today and we are delighted that Stephen will maintain his association with Brenntag following his successful election to the Supervisory Board at the company s General Shareholders Meeting said Stefan Zuschke Chairman of the Supervisory Board of Brenntag AG He now hands over responsibility for the company to Steven Holland an experienced colleague who has been instrumental in strengthening the competitive position and the global growth strategy of the world s number one in chemical distribution since joining Brenntag five years ago Steven Holland has had an impressive career over the last thirty years and has a successful track record in chemical distribution Mr Holland who is British joined Brenntag following the acquisition of Albion Chemical Distribution Group in 2006 where he had been CEO for eight years prior to the acquisition by Brenntag Mr Holland was appointed a Board Member of Brenntag and CEO of Brenntag s European business in 2007 before assuming additional responsibilities at group level as COO in 2009 In this role he is responsible for managing Brenntag s global day to day operations and executing the group s growth strategy He has been instrumental in building a global team of sector and operational experts and has expanded Brenntag s global footprint over the past years I am delighted to be given the opportunity to succeed Stephen Clark in this exciting and rewarding role Brenntag has a strong foundation of ambitious and experienced management passionate about the business and its future growth potential Holland said I am particularly pleased that William Fidler will be joining the Management Board as we have been working closely together over several years He brings a wealth of experience to the group as a whole During today s regular Supervisory Board meeting William Fidler President and CEO of Brenntag s North American business was appointed as a member of the Management Board with immediate effect His Board responsibilities will include Brenntag s North and Latin American business Mr Fidler brings to the Board decades of Brenntag experience in which he has accumulated deep and comprehensive industry expertise Both the CEO transition and the appointment of William Fidler as a member of the Management Board are part of the systematic and long term succession planning that has been a key success factor for Brenntag It is with great confidence that I hand over the responsibility for this ambitious MDAX company to my colleague Steven Holland I am very pleased that I should get the opportunity to continue my association with the company as a new member of the Supervisory Board if shareholders vote in my favour during the upcoming General Shareholders Meeting Stephen Clark said Stephen Clark will step down as

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2011/BC_SteveHolland.html (2014-12-24)
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  • Brenntag
    million 2009 EUR 480 3 million Brenntag exceeded its guidance range of EUR 570 600 million for operating EBITDA in 2010 and marked another record year Stephen Clark CEO Our entire organization s focus on intense customer orientation with emphasis on providing our customers with value added services continued to result in increased gross profit generation When combined with our efficient cost structures operating EBITDA grew at an even higher rate to the ultimate benefit of our shareholders The long term growth and resiliency characteristics of our business model have both been demonstrated in the past two years 2009 highlighted the resiliency while 2010 resumed our historical growth path Profit before tax in 2010 showed a remarkable development increasing from EUR 47 1 million in 2009 to EUR 231 8 million in 2010 392 1 In addition to the significant growth in operating EBITDA profit before tax grew due to noticeably lowered interest costs resulting from the improved capital structure and reduction in debt after the IPO in March 2010 The full year effect of these improvements will show in the financial result for 2011 In addition to the positive effects from the growth of business and the improved capital structure a decreased customer base amortization had a positive impact Profit after tax was at EUR 146 6 million in 2010 2009 EUR 0 5 million Brenntag will propose a dividend for approval by the general shareholders meeting when the Annual Report for 2010 is published Income Statement 2010 1 2009 Δ as reported Δ fx adjusted Sales EUR m 7 649 1 6 364 6 20 2 15 3 Gross profit EUR m 1 636 4 1 459 5 12 1 7 6 Operating EBITDA EUR m 602 6 480 3 25 5 20 2 EBITDA EUR m 597 6 476 6 25 4 20 1 Operating EBITDA Gross profit 36 8 32 9 Profit before tax EUR m 231 8 47 1 392 1 Profit after tax EUR m 146 6 0 5 Earnings per share EUR 2 93 1 preliminary unaudited Investments in non current assets Capex returned to normalized levels of EUR 85 1 million Due to an active working capital management the increase in working capital was limited to EUR 136 4 million despite a strong increase in business activity In 2009 significantly reduced sales revenues resulted in a liquidity inflow from changes in working capital an effect that has partly been inverted by rising business activity in 2010 In total these effects yielded in a free cash flow of EUR 376 1 million Free cash flow 2010 2 2009 EBITDA EUR m 597 6 476 6 Investments in non current assets Capex EUR m 85 1 71 8 Change in working capital EUR m 136 4 242 0 Free cash flow EUR m 376 1 646 8 2 preliminary unaudited With the background of a growing world economy and the continuation of the positive trends in the chemical distribution industry Brenntag expects a continued

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2011/BC_PreliminaryResults2010.html (2014-12-24)
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  • Brenntag
    Oil Gas Europe N Spec Brenntag Product Webpages Brenntag Biosector Brenntag Diesel Exhaust Fluid Brenntag Iberia Industries Public Relations News Archive Fairs Events Products Services Quality Environment Careers brenntag Home Public Relations News 01 10 2011 Brenntag GmbH takes over sales activities of Luwatec GmbH in Northern Bavaria Germany Brenntag the global market leader in full line chemical distribution has taken over the sales activities of Luwatec GmbH based in Fürth Bavaria effective from 1st January 2011 With this step the German subsidiary Brenntag GmbH increases its product portfolio in the sector of municipal and industrial water and wastewater treatment Furthermore it is an additional milestone for the development of the regional presence of Brenntag GmbH in Bavaria Edgar Klöpperpieper Area Manager Water Treatment of Brenntag GmbH The growth in the core area water and wastewater is pursued consequently with the takeover of the activities of Luwatec GmbH by Brenntag GmbH At the same time we increase our product range for water chemistry in Northern Bavaria and strengthen it to be one of our focal points for future activities Luwatec GmbH specialist for the application technological sales of flocculants retreats from the handling of the market as from 1st January 2011 and conveys all activities to Brenntag About Brenntag in Germany Brenntag GmbH operates via 16 locations throughout Germany and offers its business partners a wide range of products and value added services such as filling services mixing and blending as well as technical support and services for various industries like water treatment or specialty chemicals About Brenntag worldwide Brenntag is the global market leader in full line chemical distribution Linking chemical manufacturers and chemical users Brenntag provides business to business distribution solutions for industrial and specialty chemicals globally With over 10 000 products and a vast supplier base Brenntag

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2011/BC_Luwatec.html (2014-12-24)
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  • Brenntag
    a HACCP system will be adopted for both feed and food products Also the FAMI QS certification will be implemented specifically for additives and pre mixes for feed applications In an area situated besides the actual solvent storage area a modern 6 000 sq mt warehouse has been realized which contains a 3 metre high platform holding 35 tanks with a total capacity of 2 100 m3 able to increase to 47 and approximately 2 820 m3 The warehouse has a storage capacity for up to 3 000 pallet places and is separated in two rooms each dedicated to food feed products and to oxidants Up to 3 mixers liquids liquids and powders liquids will be operational in the specifically dedicated area The filling area is fitted with 4 automatic machines for small packages and 8 independent weighing machines for IBCs The plant hosts also storage tanks for Air1 urea based additive for Euro 4 and Euro 5 engines that reduces harmful emissions and a dedicated filling line for packaging However safety measures make this plant truly unique All tanks are fitted with radar level controls and have a further safety measure thanks to the installation of level switches All package filling is made by gravity thanks to the platform s elevation Operative areas are separated respecting chemical compatibility of products acids lyes peroxides and each area is fitted with an independent drainage system to avoid dangerous reactions both in filling area and loading unloading trucks area Also the existing plant was involved into renovation A relevant automatic fire fighting system was installed and it operates in all the already existing area as in the new one in the loading and oxidant chemicals zones The system is provided with sprinklers fed with a water and foam mixture pressurized by a

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2010/BC_InaugurationItaly.html (2014-12-24)
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  • Brenntag
    Fluid Brenntag Iberia Industries Public Relations News Archive Fairs Events Products Services Quality Environment Careers brenntag Home Public Relations News 09 21 2010 Brenntag acquires Food Water Treatment and Paper activities of the Spanish chemical distributor Productos Riba S A Brenntag the global market leader in full line chemical distribution has completed the acquisition of the Food Water Treatment and Paper activities of Productos Riba S A a long established distributor of Specialty ingredients in the Spanish market Productos Riba is headquartered in Granollers Barcelona Sales of the acquired activities amounted to Euro 11 million in 2009 The agreement will be effective from October 1 2010 With this acquisition Brenntag strengthens its growth strategy and reinforces its position as leading Food chemical distributor in Spain Frédéric Pierre CEO Brenntag Iberia This acquisition will increase our share in the Iberian food ingredients market by strengthening our relationship with key suppliers and extending our food product portfolio Riba s modern facilities and highly experienced sales team will enable us to offer our customers value added services such as tailor made formula mixing blending and special repacking Productos Riba s up to date site for special food processes at Granollers is managed by a highly experienced team of technical experts Established in 1937 as manufacturer of wheat starch gluten and derivates Productos Riba distributes mainly food ingredients but also chemical products for other industries such as water treatment or pulp paper About Brenntag Iberia Headquartered in Dos Hermanas Sevilla Brenntag Iberia operates with approximately 400 employees via 13 locations throughout Spain Portugal and Morocco For more information please visit www brenntag es About Brenntag worldwide Brenntag is the global market leader in full line chemical distribution Linking chemical manufacturers and chemical users Brenntag provides business to business distribution solutions for industrial and specialty

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2010/BC_Riba.html (2014-12-24)
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  • Brenntag
    rate benefits the growth amounted to 10 8 Operating EBITDA developed even more strongly with a significant growth of 24 2 from EUR 56 1 million to EUR 69 7 million At constant exchange rates operating EBITDA increased by 15 2 The announced acquisition of the industrial chemicals business of Houghton Chemical Corporation at the end of July will further strengthen Brenntag s market position in North America Latin America continues to grow Brenntag also achieved positive growth rates in Latin America with an operating gross profit of EUR 37 2 million compared to EUR 29 7 million in the corresponding quarter of the previous year a significant increase of 25 3 12 9 at constant exchange rates Operating EBITDA grew by 15 7 to EUR 12 5 million after EUR 10 8 million in the corresponding pre year quarter Adjusted for exchange rate effects the growth rate amounted to 3 4 The growth of the Latin American economies had a positive effect on the business development Another strong quarter in the Asia Pacific growth region The Asia Pacific region again developed very positively during the reporting period Here Brenntag generated an operating gross profit of EUR 5 6 million achieving a distinct increase of 60 0 or adjusted for exchange rates of 38 5 in contrast to EUR 3 5 million in the same period last year Operating EBITDA more than quadrupled from EUR 0 5 million in the second quarter of 2009 to EUR 2 1 million At constant exchange rates the result more than tripled Through the acquisition of EAC Industrial Ingredients A S in July Brenntag further expanded its market position to enable even stronger benefits from the opportunities of this faster growing region With an established network of 27 locations in nine countries the acquisition will have a positive influence on the development of profits in the Asia Pacific region However the expected integration costs for this year will offset a considerable part of the contribution to the profits The consolidation of EAC became effective at the beginning of July Working capital mirrors sales growth The company s free cash flow in the first six months 2010 amounted to EUR 132 3 million in contrast to EUR 428 3 million in the same period last year The decrease is primarily due to the growth of working capital which was significantly lower as a consequence of the downward business activity in the previous year However working capital increased at a slower pace than sales during the period as improved working capital management was able to mitigate at least part of the increase Further strengthening of equity base As projected in the second quarter of 2010 the Brenntag Group s gross debt was further reduced by repaying EUR 227 3 million mainly consisting of borrowings under the Senior Facility Agreements In addition liabilities of EUR 69 0 million under a syndicated loan were repaid early At June 30 2010 the company reported equity of EUR 1 545

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2010/BC_2Quarter.html (2014-12-24)
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  • Brenntag
    strategy in the Asia Pacific region EAC Industrial Ingredients holds an important market share and covers with subsidiaries markets in nine countries with local presences in Thailand Vietnam Indonesia Philippines Malaysia Singapore Cambodia India and Bangladesh In addition the high level of benefits between Brenntag and EAC Industrial Ingredients is expected to further enhance both customer service and access to world class suppliers With extensive sales and marketing resources EAC Industrial Ingredients represents in depth knowledge of local markets and relationships to more than 8 000 customers For 2010 Brenntag expects sales of about EUR 220 million for EAC Industrial Ingredients The acquisition of EAC Industrial Ingredients is a major step in the execution of Brenntag s growth strategy We expand our existing presence in the growing markets of Asia Pacific add significant market share and improve our market position in focused industries like Food Beverage Coatings Personal Care and Pharma says Stephen Clark CEO of Brenntag This strategic milestone develops our market position from a foothold in Asia to an established operational network supporting our continued growth path in the region The acquisition is a strategic investment for Brenntag In the Asia Pacific region growing demand is expected in particular for sectors like Food Cosmetics Pharma and Coatings Customers from these sectors are important for Brenntag The knowledge of regional markets and their respective individual requirements will offer additional business opportunities and provides for synergies with existing Brenntag suppliers and customers With the acquisition of EAC Industrial Ingredients Brenntag is one of the few companies operating in the whole region Henri Nejade President of Brenntag Asia Pacific says We are delighted to acquire EAC Industrial Ingredients because it perfectly meets our requirements to further grow in this region The acquisition will support our ability to better serve local demands

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2010/BC_EAC.html (2014-12-24)
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  • Brenntag
    distribution center for Specialty chemicals Brenntag France provides business to business B2B distribution solutions for industrial and specialty chemicals into different industries such as Personal Care Coatings Polymers and Detergency With today s official inauguration the new storage and distribution center allows Brenntag France to strengthen its leading position to an ever increasing customer base The facility has a total surface of 15 000 m² well as a storage capacity of 9 000 tons and it completely meets the latest environmental guidelines and security standards During the ribbon cutting ceremony Harry van Baarlen Chief Operating Officer Brenntag Europe said This facility enables us to realize significant improvements in logistics and services for our customers not only in France but also in the rest of Europe With efficient processes and flexibility we can handle a broad range of specialty chemicals which is one of our strategic activities and which has experienced a sustained growth over the last years We thank the City of Amiens for its dedicated support throughout a challenging process Yves Merolle Managing Director Brenntag France Due to an increasingly demand and interest from our customers the construction of a new site became necessary We now have an organization and staff of 80 highly experienced people for Specialties It is the objective is to supply our customers with product ranges which meet their needs and enable them to create produce and innovate in new and competitive markets Over the last 3 years Brenntag France has continually invested in all French regions in order to improve secure and extend its storage capacities of industrial chemical products with the goal to fulfil its requirement supply its customers with the good product at the right time at the right place in all security About Brenntag Brenntag is the global market leader in

    Original URL path: http://www.brenntag.es/en/pages/publicRelations/news/2010/BC_BrenntagFrance.html (2014-12-24)
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