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”).


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.


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.


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.


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.


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.


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.


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.


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.


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

 Information  X 
Enter a valid email address

Elementis PLC (ELM)

  Print      Mail a friend       Annual reports

Monday 08 December, 2003

Elementis PLC

Trading Statement

Elementis PLC
08 December 2003

8 December 2003

                          ELEMENTIS plc TRADING UPDATE

Elementis today issues a trading update ahead of the preliminary results for the
year ending 31 December 2003.

Sales for 2003 in sterling terms are expected to be slightly ahead of those
reported for 2002. Strong sales growth in Asia and in Europe has been largely
offset by a decline in North American demand, particularly in the consumer
related seasonal coatings business, which has impacted Elementis Specialties,
Elementis Pigments and Elementis Chromium.

An upward trend in raw material and energy prices, higher costs relating to
investment in new product development, implementation of the Elementis ERP
(enterprise resource planning) system and costs associated with M&A activities
have put pressure on margins across all operating divisions. However, underlying
costs have been reduced and cost control disciplines continue to deliver
improvement. Operating profit for 2003 is anticipated to be above the 2002
level, and at the lower end of market expectations. It is anticipated that
earnings per share for 2003 will be comfortably within market expectations.

Implementation of the innovation strategy has enabled the introduction of four
distinct new Elementis Specialties products, with sales growth from new products
accelerating in line with expectations.

The construction of the new Elementis Pigments plant in Taichang, near Shanghai,
has progressed and is expected to start-up on schedule in the second half of

Sales of Linatex Specialty Rubber have shown continued strong growth with the
optimisation of the new plant in Malaysia and focus on core product performance

The Elementis ERP system went live successfully in Elementis Specialties during
the fourth quarter as planned, and implementation in the remaining three
Elementis businesses will take place during 2004.

The acquisition of the OxyChem Chromium chemicals business has delivered savings
in line with and more rapidly than the most recently stated expectations.
Weakness in premium product markets and ongoing price decline due to
over-capacity have however put further pressure on margins. Global capacity
rationalisation is proceeding as expected and significant competitor plant
closures are in progress. Elementis Chromium has announced a 10 - 15% price
increase effective 1 January 2004 reflecting energy and chrome ore cost pressure
and tightening of the supply situation in Asia.

Assuming continued low overall economic growth, the outlook for Elementis in
2004 is likely to be clouded by continued raw material cost pressure, the cost
of implementation of the ERP system ahead of delivery of anticipated savings,
start-up costs of the Taicang plant, and a lack of immediate growth prospects
for Chromium chemicals. While the key elements of the programme to bring about
step change improvements in the financial performance of all Elementis
businesses are expected to be implemented in the next 12 months, it is by no
means clear at this stage that Elementis will be able to improve operating
profit in 2004.

                                    - Ends -

 There will be an analyst conference call today at 1100 GMT on +44 1452 561 263
           With the reference Elementis. This call will be hosted by
     Geoff Gaywood, Chief Executive and Brian Taylorson, Finance Director.


Elementis                                                   +44 (0) 1784 227000

Geoff Gaywood            Chief Executive
Brian Taylorson          Finance Director
Hilary Reid Evans        Head of Corporate Communications

Brunswick                                                   +44 (0) 20 7404 5959

Andrew Fenwick
Chi Lo

                      This information is provided by RNS
            The company news service from the London Stock Exchange