Annual Report 2008 English [PDF, 2.69 MB] - Tessenderlo Group

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annual report 2008 Specialities The Specialities business group consists of a number of diverse activities which differ by the added value that they create. The Fine Chemicals business unit deals partially with raw materials that are produced by Tessenderlo Group itself. These raw materials are transformed into specialist products for the agro-chemical, pharmaceutical and perfume industries. The Gelatin business unit turns the skins and bones of cattle and pigs into high-quality gelatin for use in the food and pharmaceutical industries. The Natural Derivatives business unit processes animal and vegetable by-products for use as raw materials in pet food and in the soap industry. 54 2008 in a nutshell The Fine Chemicals business unit did not perform so well in 2008. While the operating result of organic chlorine derivatives was satisfactory, the intermediates and active ingredients for the pharmaceutical industry performed less favourably. On the other hand, the Gelatin business unit had an excellent year. Despite the economic crisis, demand for gelatin continues to grow, in part as a result of new applications and developments. The Natural Derivatives business unit recorded a satisfactory year. In the quest for new activities of a high added value, further diversification into the valorising by-products based on cereal crops was initiated.
Tessenderlo Group Key figures 2008 2007 Revenue (millions EUR) 587 563 REBIT (millions EUR) 35 32 ROCE (%) 10 10 Capital expenditures (PP&E) (millions EUR) 28 29 Headcount 2,755 2,763 Market leadership • The largest producer of benzyl acetate, benzyl chloride, alphahexylcinnamaldehyde at world level • The number two producer of benzyl alcohol worldwide • The third largest manufacturer of highquality gelatins worldwide 55 Revenue breakdown over 10 years (millions EUR) 600 500 400 300 200 100 0 IFRS 587 99 00 01 02 03 04 05 06 07 08
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annual report 2008 MAKING IT SUCCEE
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annual report 2008 The group in a f
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Tessenderlo Group Summary 1 The gro
Page 7 and 8: Tessenderlo Group ROCE (%) Net fina
Page 9 and 10: Tessenderlo Group Distribution of t
Page 11 and 12: Tessenderlo Group Financial calenda
Page 13 and 14: To find out what our customers exac
Page 15 and 16: Tessenderlo Group The Specialities
Page 17 and 18: The products and services of Tessen
Page 19 and 20: Tessenderlo Group bags, water treat
Page 21 and 22: Tessenderlo Group Tessenderlo Group
Page 23 and 24: Tessenderlo Group 4 22 7 5 1 2 3 Gr
Page 25 and 26: Tessenderlo Group TESSENDERLO PARTI
Page 27 and 28: Tessenderlo Group Ferric chloride C
Page 29 and 30: Tessenderlo Group looks ahead. Ever
Page 31 and 32: Tessenderlo Group acquisition enabl
Page 33 and 34: Tessenderlo Group Key figures 2008
Page 35 and 36: Tessenderlo Group The range of fert
Page 37 and 38: Tessenderlo Group Strategy and pros
Page 39 and 40: Tessenderlo Group PVC / Chlor-Alkal
Page 41 and 42: Tessenderlo Group Chlor-Alkali / PV
Page 43 and 44: Tessenderlo Group site. Completion
Page 45 and 46: Tessenderlo Group Key figures 2008
Page 47 and 48: Tessenderlo Group • In December,
Page 49 and 50: Tessenderlo Group in Montreal was c
Page 51 and 52: Tessenderlo Group for draining sewa
Page 53 and 54: Tessenderlo Group The so-called bia
Page 55 and 56: Tessenderlo Group pressure than tho
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Page 61 and 62: Tessenderlo Group their purchases i
Page 63 and 64: Tessenderlo Group the company, the
Page 65 and 66: Tessenderlo Group • In the new ec
Page 67 and 68: Tessenderlo Group demand. This mean
Page 69 and 70: Tessenderlo Group Diversification t
Page 71 and 72: Tessenderlo Group Restructuring eff
Page 73 and 74: Sustainable entrepreneurship is an
Page 75 and 76: Tessenderlo Group • to detect and
Page 77 and 78: Tessenderlo Group Organisation Desi
Page 79 and 80: Tessenderlo Group Product stewardsh
Page 81 and 82: Tessenderlo Group These preparation
Page 83 and 84: Tessenderlo Group Outlook for 2009
Page 85 and 86: Tessenderlo Group Corporate Governa
Page 87 and 88: Tessenderlo Group proposals concern
Page 89 and 90: Tessenderlo Group on and assisting
Page 91 and 92: Tessenderlo Group composed as follo
Page 93 and 94: Tessenderlo Group Policy on inside
Page 95 and 96: Tessenderlo Group inspires confiden
Page 97 and 98: Tessenderlo Group The total number
Page 99 and 100: Tessenderlo Group Full financial an
Page 101 and 102: Tessenderlo Group Return on dividen
Page 103 and 104: Co-operation means working together
Page 105 and 106: Tessenderlo Group CONSOLIDATED STAT
Page 107 and 108: Tessenderlo Group CONSOLIDATED CASH
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Tessenderlo Group 1. Summary of sig
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Tessenderlo Group • Exchange rate
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Tessenderlo Group (G) Property, pla
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Tessenderlo Group amount is estimat
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Tessenderlo Group • Environmental
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Tessenderlo Group investments in su
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Tessenderlo Group (Z) Recently issu
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Tessenderlo Group except for specif
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Tessenderlo Group 2. Segment report
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Tessenderlo Group Specialities Plas
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Tessenderlo Group The table below s
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Tessenderlo Group 5. Non-recurring
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Tessenderlo Group 7. Additional inf
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Tessenderlo Group 9. Income tax exp
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Tessenderlo Group Land and building
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Tessenderlo Group ACQUISITION COST
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Tessenderlo Group USEFUL LIFE DEVEL
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Tessenderlo Group The carrying amou
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Tessenderlo Group 16. Trade and oth
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Tessenderlo Group 20. Equity Reconc
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Tessenderlo Group The net debt equi
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Tessenderlo Group 23. Employee bene
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Tessenderlo Group Changes in the pr
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Tessenderlo Group A new share based
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Tessenderlo Group 26 Financial inst
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Tessenderlo Group The aging of trad
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Tessenderlo Group 2007 Carrying amo
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Tessenderlo Group • Financial lea
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Tessenderlo Group allowances per ye
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Tessenderlo Group 33. Consolidated
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Tessenderlo Group 34. Critical acco
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Tessenderlo Group 167
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Tessenderlo Group Profit and loss s
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Tessenderlo Group Excerpt from the
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Tessenderlo Group Plastics Converti
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Addresses TESSENDERLO GROUP General
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Tessenderlo Group LVM Limburg B.V.
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Tessenderlo Group CTS - SAPLAST SAS
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Tessenderlo Group Index page Accoun
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Tessenderlo Group Non-recurring ite
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www.tessenderlogroup.com
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Annual Report 2008 English [PDF, 2.69 MB] - Tessenderlo Group

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