Altana
Encyclopedia
The Altana AG is a German
chemical company based in Wesel
. Altana develops and produces products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, sells 85% of its products overseas. The first chairman was Herbert Quandt
.
The Altana Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants.
At present, the ALTANA Group has 40 production facilities and 51 service and research laboratories worldwide. Throughout the Group around 5,200 people work to ensure the success of ALTANA worldwide. In 2010, ALTANA achieved sales of about 1.5 billion euros.
and was one of the DAX
companies until 2007. From 2002 to May 2007, Altana was listed on the New York Stock Exchange
under stock symbol AAA as well. In 2008, Altana had 4,791 employees and an annual turnover of €1.34 billion - down 3% year-on-year. The Altana group consisted of Altana Pharma AG (once the Konstanz-based Byk Gulden) and Altana Chemie headquartered at Wesel.
After the split became formal on 1 January 2007, the chemicals group was restructured into four divisions: Byk Additives and Instruments, Eckart Effect Pigments, Elantas Electrical Insulation and Actega Coatings and Sealants - manufacturing plastics, pigments for paints, printing supplies, and optical instrumentation that measures coating properties such as gloss, color and appearance. A holding company headed by Susanne Klatten, one of the children of BMW entrepreneur Herbert Quandt
, in November 2008 announced that it intended to buy the 49.9% of the Altana chemicals company that she did not already own, as profits for the fourth quarter of 2008 slumped 46% after management cost-cutting failed to keep pace with sagging demand - 'especially in the U.S.', Bloomberg reported in February 2009.
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
chemical company based in Wesel
Wesel
Wesel is a city in North Rhine-Westphalia, Germany. It is the capital of the Wesel district.-Division of the town:Suburbs of Wesel include Lackhausen, Obrighoven, Ginderich, Feldmark,Fusternberg, Büderich, Flüren and Blumenkamp.-History:...
. Altana develops and produces products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, sells 85% of its products overseas. The first chairman was Herbert Quandt
Herbert Quandt
Herbert Werner Quandt , was a German industrialist who is regarded as having saved BMW when it was at the point of bankruptcy and made huge profit in doing so.- Early life :...
.
The Altana Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants.
At present, the ALTANA Group has 40 production facilities and 51 service and research laboratories worldwide. Throughout the Group around 5,200 people work to ensure the success of ALTANA worldwide. In 2010, ALTANA achieved sales of about 1.5 billion euros.
History
Since 1977, Altana has been listed on the Frankfurt Stock ExchangeFrankfurt Stock Exchange
The Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and the clearing company...
and was one of the DAX
DAX
The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the electronic Xetra trading system...
companies until 2007. From 2002 to May 2007, Altana was listed on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under stock symbol AAA as well. In 2008, Altana had 4,791 employees and an annual turnover of €1.34 billion - down 3% year-on-year. The Altana group consisted of Altana Pharma AG (once the Konstanz-based Byk Gulden) and Altana Chemie headquartered at Wesel.
After the split became formal on 1 January 2007, the chemicals group was restructured into four divisions: Byk Additives and Instruments, Eckart Effect Pigments, Elantas Electrical Insulation and Actega Coatings and Sealants - manufacturing plastics, pigments for paints, printing supplies, and optical instrumentation that measures coating properties such as gloss, color and appearance. A holding company headed by Susanne Klatten, one of the children of BMW entrepreneur Herbert Quandt
Herbert Quandt
Herbert Werner Quandt , was a German industrialist who is regarded as having saved BMW when it was at the point of bankruptcy and made huge profit in doing so.- Early life :...
, in November 2008 announced that it intended to buy the 49.9% of the Altana chemicals company that she did not already own, as profits for the fourth quarter of 2008 slumped 46% after management cost-cutting failed to keep pace with sagging demand - 'especially in the U.S.', Bloomberg reported in February 2009.