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Tessenderlo Kerley Coffeyville plant UNITED STATES OF AMERICA Tessenderlo Group is, through its American subsidiary Tessenderlo Kerley, the largest producer of liquid sulphur-containing fertilisers worldwide. The group holds 55 percent of the American market for this type of high quality fertiliser. 3
Page 1 and 2: A N N U A L R E P O R T 2 0 0 3 T e
Page 3 and 4: Per activity sector 27% ■ Inorgan
Page 5: Financial calendar cover Tessenderl
Page 8 and 9: 4 Dear Madam, dear Sir, MESSAGE FRO
Page 10 and 11: 6 Matteusz Dubinski Christian Vrebo
Page 12 and 13: 8 CANADA 2 UNITED STATES 16 Product
Page 15 and 16: Thermoplastiques Cousin-Tessier Tif
Page 17 and 18: Stock market capitalisation (millio
Page 19 and 20: Financial information and investor
Page 21: 34 32 30 28 26 24 22 20 420 340 260
Page 25 and 26: Ferric chloride: wastewater and pot
Page 27 and 28: ‘Improving productivity and cutti
Page 29 and 30: NORTH AMERICA The American subsidia
Page 31 and 32: dollars. The prices of other raw ma
Page 33 and 34: Strategy As mentioned above, Tessen
Page 35 and 36: ‘Leveraging our technology and ma
Page 37 and 38: As far as glycine is concerned, Tes
Page 39 and 40: ‘After three poor years in a row,
Page 41 and 42: The production of Technicompound, b
Page 43 and 44: Strategy and prospects VCM and PVC
Page 45 and 46: Plastics Converting Turnover (milli
Page 47 and 48: Conclusion: 2003 was a good year fo
Page 49 and 50: Through investments, the division w
Page 51 and 52: ‘The acquisition of the two Ameri
Page 53 and 54: Food ingredients Also in France, PB
Page 55: Strategy and prospects PB Gelatins
Page 58 and 59: 54 Employment At the end of 2003, s
Page 60 and 61: 56 ENVIRONMENT AND SAFETY Sustainab
Page 62 and 63: 58 the discharge of these salty eff
Page 64 and 65: 60 The Environmental Inspection dep
Page 66 and 67: 62 Energy and climate policy The Fl
Page 68 and 69: 64 Safety Recent achievements and o
Page 70 and 71: 66 RESEARCH AND DEVELOPMENT The tot
Page 72 and 73:
68 Fine Chemicals In 2003, major ef
Page 74 and 75:
70 A significant improvement in res
Page 76 and 77:
72 Transparent management CORPORATE
Page 78 and 79:
74 The rules governing the composit
Page 80 and 81:
76 The Remuneration Committee The R
Page 82 and 83:
WYMAR INTL (BE) DYNAPLAST EXTRUCO (
Page 85 and 86:
Taile Chemical Factory Lianyungang
Page 87 and 88:
CONSOLIDATED BALANCE SHEET 2003 200
Page 89 and 90:
CONSOLIDATED INCOME STATEMENT 2003
Page 91 and 92:
Notes to the consolidated accounts
Page 93 and 94:
(9) Shareholders’ equity - part o
Page 95 and 96:
(16) Net Profit and Loss results on
Page 97 and 98:
- Increase of the percentage of par
Page 99 and 100:
- Dyka Polska Sp.zo.o., PL-55-221 J
Page 101 and 102:
- Produits Chimiques de Loos SAS, F
Page 103 and 104:
- Wymar Polska Sp.zo.o., PL-62-100
Page 105 and 106:
Foreign subsidiaries’ balance she
Page 107 and 108:
VII. FORMATION EXPENSES Balance at
Page 109 and 110:
X. FINANCIAL FIXED ASSETS A1. Compa
Page 111 and 112:
B. Breakdown of the average personn
Page 113 and 114:
Additional assertion and informatio
Page 115 and 116:
TESSENDERLO CHEMIE NV - BALANCE SHE
Page 117 and 118:
ALLOCATIONS AND DISTRIBUTIONS Your
Page 119 and 120:
A write-back is carried out when a
Page 121 and 122:
Report of the Statutory Auditor on
Page 123 and 124:
TESSENDERLO KERLEY Inc. 2255 N° 44
Page 125 and 126:
PVC DIVISION LVM (Limburgse Vinyl M
Page 127 and 128:
EUROCELL PROFILES Ltd Fairbrook Hou
Page 129 and 130:
PB LEINER USA 7001 Brady Street PO
Page 131 and 132:
Safety 56 Sales offices 118 Share T
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