Sales: $280 million in printing ink and graphic arts coatings sales (Ink World estimate); €1.535 billion overall
Major Products: Metallic inks and pigments; UV and water-based inks and coatings.
Key Personnel: Dr. Matthias L. Wolfgruber, CEO; Martin Babilas, CFO. Dr. Roland Peter, president Division Additives & Instruments, chairman of the Management Board of BYK-Chemie GmbH; Dr. Christoph Schlünken, president Division Effect Pigments, chairman of the Management Board ECKART GmbH; Dr. Wolfgang Schütt, president Division Electrical Insulation, chairman of the Management Board ELANTAS GmbH; Dr. Guido Forstbach, president Division Coatings & Sealants, chairman of the Management Board ACTEGA GmbH.
Number of Employees: 5,313.
Comments: ALTANA AG had an excellent year in 2011, as its overall sales rose 5% to $1.62 billion, with most of the gains coming in the first half of the year. However, the group’s 2011 earnings decreased slightly by 2% to €308 million, due primarily to the higher costs of raw materials. Still, earnings before interest, taxes, depreciation and amortization (EBITDA) in 2011 was 19.1%, a very strong return.
The ALTANA Group consists of four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. In terms of printing ink and graphic arts coatings,
ECKART Effect Pigments and ACTEGA Coatings & Sealants play key roles.
The leading metallic ink and pigment manufacturer as well as a leader in pearlescent pigments, ECKART Effect Pigments’ sales were €391 million, a decline of 3% in 2011. ECKART Effect Pigments acquired the Schererville, IN production facilities of Metalure high-quality PVD-Type aluminum pigments from Avery Dennison in October 2011.
ACTEGA Coatings & Sealants division’s sales increased 14% to €297 million, which company executives attributed primarily to ACTEGA’s acquisition of the Color Chemie Group as of July 1, 2011.
ACTEGA Coatings & Sealants’ portfolio of companies includes ACTEGA Colorchemie, a European water-based ink specialist, and ACTEGA WIT, the former Water Ink Technologies, a North American water-based ink leader. ACTEGA Terra GmbH and ACTEGA Kelstar manufacture UV and water-based coatings for graphic arts for Europe and North America, respectively.
In July 2011, ACTEGA Kelstar and ACTEGA WIT opened a new laboratory in Cinnaminson, NJ, which is designed to support the NAFTA region.
Dr. Matthias L. Wolfgruber, CEO of ALTANA AG, noted that the present overall economic situation remains one of uncertainty, although the company is well positioned for both the short- and long-term.
“With our clear, strategic focus on innovative and technically demanding growth markets, we are optimally positioned in the current environment,“ said Dr. Wolfgruber. “Due to the flexibility we have achieved over the past several years, we are confident that we will be able to act prudently and successfully even in a continuing volatile market environment.”