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20 Tessenderlo Group: Bringing Chemistry to Life MARKETS AND APPLICATIONS Tessenderlo Group manufactures a range of products, which form an integral part of our everyday lives – even though many consumers may not realise it. After all, behind the often complicated chemical names one finds substances which are used in countless applications, from animal feeds to antibiotics to the dashboards of cars. A little bit of Tessenderlo Group can also be found in chewing gum, perfumes, batteries, blood bags, washing powders and window profiles – to mention just a few examples. Below you will find an overview of the most important products and their applications. The latter can be grouped into five markets: Construction industry PVC & Compounds: pipe systems, door and window profiles, facade cladding, telecommunications, cable insulation, floor covering, conservatories Sodium sulphate and carbonate: glass Zeolites: double-glazing Agriculture Ammonium and potassium thiosulphate: liquid fertilisers for large-scale cultivation Caustic potash: horticulture, fertilisers for irrigation systems Di-calcium phosphate: animal feed Glycine and derivatives: animal feed, agrochemicals Potassium sulphate: specialised fertilisers, which are especially suited for flower, tobacco and fruit growing Sulphuric acid: fertilisers Industry Acetates: antifreeze products for e.g. runways Caustic potash: batteries, textile treatment Caustic soda: aluminium, rayon Electrolysis products: photography, leather tanning and water treatment
Ferric chloride: wastewater and potable water treatment Gelatin: photography, wine production Organic chlorine derivatives: paint, photography Potassium bicarbonate: fire-extinguishing powder Potassium carbonate: glass, TV and computer screens Sodium hydrosulphide and caustic soda: paper, pulp PVC and PVC compounds: dashboards, furniture, shoe soles, tarpaulins, electronics, cables Sulphuric acid: batteries, car windows, billiard balls Health and hygiene Chlorine: PVC, disinfectants, water treatment Gelatin: capsules for e.g. drugs Organic chlorine derivatives: antibiotics, various pharmaceutical products for people, plants and animals, perfumes, cosmetics, shampoo, UV resistant sun lotions Pharmaceutical intermediates: antibiotics, penicillin Potassium carbonate: shampoos, soaps PVC: blood bags, infusion bags and tubes, catheters, gloves, bottles for shower and bath foam Sodium hypochlorite: sanitizer, water treatment, bleaching Sodium sulphate and caustic soda: detergents, soaps Household Animal fats: pet food Electrolysis products: detergents Gelatin: foodstuffs such as dairy and ´light´ products, confectionery, energy bars and drinks Glycine: foodstuffs, pet food Potassium bicarbonate: baking powders PVC: packaging films, tablecloths, shower curtains, garden furniture, inflatable articles such as balls, swimming pools, boats and so on Sodium hydrosulphide and caustic soda: detergents Zeolites: washing powders 21
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 26 and 27: 22 Activities and products Tessende
Page 28 and 29: 24 The most important production un
Page 30 and 31: 26 Trends and facts in 2003 Inorgan
Page 32 and 33: 28 Strategy and prospects Prospects
Page 34 and 35: 30 Activities and products The Fine
Page 36 and 37: 32 Intermediates for the pharmaceut
Page 38 and 39: 34 Activities and products The PVC
Page 40 and 41: 36 The most important production un
Page 42 and 43: 38 In 2003, Tessenderlo Group conti
Page 44 and 45: 40 Activities and products For near
Page 46 and 47: 42 Trends and facts in 2003 Profile
Page 48 and 49: 44 Investments totaled 34 million E
Page 50 and 51: 46 Activities and products NATURAL
Page 52 and 53: 48 Food ingredients A third activit
Page 54 and 55: 50 - Sales of soft capsules, on the
Page 57 and 58: PB Leiner Argentina Santa Fe ARGENT
Page 59 and 60: Employment per division Employment
Page 61 and 62: 75 groups visited the units in West
Page 63 and 64: COD* Concentration in mg/l, annual
Page 65 and 66: Focus on energy at Tessenderlo Grou
Page 67 and 68: Belgium, and also Italy, still form
Page 69 and 70: Frequency Rate of Work Accidents in
Page 71 and 72: R&D Expenditures in 2003 27,4 milli
Page 73 and 74: Natural Organic Products New formul
Page 75 and 76:
Control laboratories and quality Ta
Page 77 and 78:
one new share, have been granted to
Page 79 and 80:
The Audit Committee The Audit Commi
Page 81 and 82:
The dividend policy The dividend po
Page 83:
S.A.V. (FR) PC LOOS (FR) PLASTIVAL
Page 86 and 87:
82 CONSOLIDATED BALANCE SHEET 2003
Page 88 and 89:
84 CONSOLIDATED INCOME STATEMENT 20
Page 90 and 91:
86 Operating activities CONSOLIDATE
Page 92 and 93:
88 These investments are distribute
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90 (12) Accounts payable The accoun
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92 ANNEX I. CRITERIA OF CONSOLIDATI
Page 98 and 99:
94 II. SUBSIDIARIES CONSOLIDATED A.
Page 100 and 101:
96 - Limburgse Vinyl Maatschappij N
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98 - Tessenderlo Holding UK Ltd, GB
Page 104 and 105:
100 VI. VALUATION RULES A. 1. FORMA
Page 106 and 107:
102 3. Provision for environmental
Page 108 and 109:
104 IX. TANGIBLE FIXED ASSETS Land
Page 110 and 111:
106 C. Provisions and deferred tax
Page 112 and 113:
108 Statutory auditor’s report on
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110 TESSENDERLO CHEMIE NV - BALANCE
Page 116 and 117:
112 TESSENDERLO CHEMIE NV - PROFIT
Page 118 and 119:
114 XX. VALUATION RULES ASSETS Form
Page 120 and 121:
116 LIABILITIES • Provisions for
Page 122 and 123:
118 TESSENDERLO GROUP General Manag
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120 TESSENDERLO KERLEY Yildiz Oya S
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122 LVM ITALIA srl Via Alserio, 22
Page 128 and 129:
124 NORDROHR GmbH Schusterring 41 D
Page 130 and 131:
126 pages Acquisitions (recent) lea
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128 Editor G. Dusar - Corporate Com
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