Clariant CEO says company will fare well in economic downturn because 50% of business is immune to economic volatility, order backlog is 'still high'

LOS ANGELES , December 20, 2011 () – Though demand will be softening in various parts of the chemicals market, Clariant AG's order backlog is "still high", Bloomberg reported Dec. 20, citing an interview with the company's CEO in Switzerland-based newspaper Finanz und Wirtschaft.

Hariolf Kottmann told Finanz und Wirtschaft that he expects Clariant to fare well in another downturn because half of the company's business is "more or less resistant" to economic volatility.

The primary source of this article is Bloomberg, New York, New York, Dec. 20, 2011.

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