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Clariant Terminates US Project

Switzerland-based Clariant International Ltd.s Functional Chemicals Division has terminated plans for the start-up of a large-scale United States-based plant for the manufacture of detergent raw materials because it is unable to meet certain specifications and requirements on time and within budget.The expenditure will be entirely written off in the second quarter 2003, with a write-off charge amounting to CHF 120 million.

August 2003




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