Clariant, the sustainability-focused specialty chemical company, has announced that it has completed the divestment of its Venezuelan operations, Clariant Venezuela to CMV Química for approximately US$ 1.8 million. The move is part of the company’s ongoing footprint optimization.

 

In 2024, Clariant’s Venezuelan business generated sales of around CHF 3 million and employed roughly 60 people.

 

Following the divestment, Clariant warned that a CHF ~236 million cumulative translation adjustment (CTA) currently recorded in equity will be “recycled through the income statement within the financial result” in line with IFRS accounting standards. The company stressed that this is a noncash item.

 

Clariant noted, “The reclassification of the cumulative translation reserves is a noncash item. It will reduce reported net profit and reported earnings per share (EPS) for 2025. The reclassification and recycling will have no impact on Clariant’s cash flow statement, the Board of Director’s shareholder distribution framework and Clariant’s profitability guidance of EBITDA before exceptional items of 17 – 18 % for 2025.”

 

The divestment marks a strategic retreat from Venezuela as Clariant continues to streamline its global operations.