Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • Investegate.co.uk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com
  • FETransmission.com
  • Trustnet.hk
  • FEAnalytics.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Elementis PLC (ELM)

  Print      Mail a friend       Annual reports

Friday 13 December, 2002

Elementis PLC

Trading Statement



PRESS INFORMATION

13 December 2002

ELEMENTIS plc TRADING UPDATE

Elementis today issues a trading update ahead of the preliminary results for the year ending 31 December 2002.

Overall market demand continues to be flat and, as expected, sales for the year will be below the equivalent period
last year. In particular, strong pricing pressure in Elementis Chromium has increased during the second half of the
year. Cost control discipline has been effectively applied throughout Elementis and as expected, underlying operating
profit for 2002 will be well above the 2001 level, albeit slightly below current market expectations.

During the second half of the year, a number of actions have been taken to improve financial performance and drive the
growth strategy outlined earlier this year.

The acquisition of OxyChem's chromium chemicals business was completed on 6 December, and integration is progressing.
Rationalisation of the manufacturing operations at Corpus Christi is underway, which will provide identified cost
saving benefits in 2003, significantly improving Elementis Chromium's competitive position in the Americas.

An investment of £10 million has been approved for a basic pigments manufacturing facility at a new site in Taicang,
near Shanghai, China. The new wholly-owned plant will produce technically advanced products for the Asia-Pacific
market and is expected to be commissioned in 2004.

The strategic review of the Elementis Pigments operation at Birtley in the northeast of England concluded that the site
will remain operational but will be significantly restructured to improve profitability. The commodity zinc business
will be closed resulting in the loss of around 65 jobs. An exceptional charge of £4.5 million will be taken in 2002
and the closure is expected to be complete during the first quarter of 2003.

In a further move to refine the Elementis Pigments' product portfolio, the sale of the US based anhydrous aluminium
chloride catalyst business for £1.7 million, announced in July 2002, has been completed.

Elementis Specialties has opened a new manufacturing facility in Chanxing, near Nanjing, China to produce organoclays
for the rapidly expanding Chinese and Asian markets. The new venture manufactures organoclays from local raw materials,
and is presently undergoing upgrading and expansion work that will be completed in early 2003.

The Enterprise Resource Planning programme, started in June, is progressing on time and within budget. Global
implementation will commence in the second quarter of 2003.

The preliminary results announcement will be made on 27 February 2002.

- Ends -

There will be an analyst conference call today at 1000 GMT on +44 20 8240 8244 with the reference Elementis. This call
will be hosted by Geoff Gaywood, Chief Executive and Brian Taylorson, Finance Director.

Enquiries
Elementis                                              +44 (0) 1784 224212    
Geoff Gaywood       Chief Executive                                           
Brian Taylorson     Finance Director                                          
Anna Passey         Head of Corporate Communications                          

Brunswick                                              +44 (0) 20 7404 5959   
Andrew Fenwick                                                               
Fiona Fong