Merck 2008 Annual Report Download - page 64
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MANAGEMENT REPORT OF THE MERCK GROUP 59
24 Responsibility
26 Merck shares
30 Pharmaceuticals business sector
50 Chemicals business sector
12 Overall economic situation
14 Economic development
of Merck
15 Financial position and results
of operations
60 Corporate and Other
61 Risk report
64 Report on expected developments
64 Subsequent events
The aim is to enable customers to work even faster and more cost-efficiently with
Emprove®. The new generation of Fractogel™ for protein purification and separation in
pharmaceutical production is scheduled for market launch in 2009. Innovations also
include new, customized solutions for cleaning biopharmaceutical production facilities.
Targeted investments in innovative cosmetic actives
Business with cosmetic active ingredients sustained a decline in sales owing to weaker
demand, e.g. for the self-tanning agent DHA. Here we will concentrate more strongly
on innovative, patent-protected products and expand the product range by making
targeted investments. The new production plant for Oxynex® ST Liquid started up in
India at the end of 2008. This is a stabilizer for light-sensitive raw materials used in
cosmetic products and perfumes. We are completing a new plant at the Darmstadt site
for producing active ingredients used in sunscreen formulations. Eusolex® UV-Pearls
are tiny glass beads in which an innovative UV filter is encapsulated.
Cutting-edge technologies strengthened
In 2008, the technology platform for ionic liquids was further expanded, laying the
cornerstone for future growth. Certain ionic liquids can be used as electrolytes for
producing a special type of solar cells (dye-sensitized solar cells). Another cutting-
edge product are evaporation chemicals (Patinal) of the Solarpur™ range, which are
used to coat the surfaces of solar cells to increase their efficiency.
Pigments
Business impacted by the economy
Following good growth in the first half of 2008, the strong dependence of the Pigments
business on economic trends became noticeable as of August. This was mainly reflected
by weak demand from the automotive sector, to which we are an important supplier with
pigments for automotive coatings. As of the fourth quarter, the economic weakening
also hit the European business. Total revenues in Pigments declined overall by 9.7%.
Asia still offers potential, for example China with a growth rate of 7.5%. However,
negative currency effects are impacting business there. Weak demand for consumer
goods and current consumer uncertainty also affected the business with pigments for
plastics, print products and cosmetics.
www.merck-chemicals.com/
pharmaceutical-ingredients
www.merck-chemicals.com/
cosmetic-ingredients
www.merck-chemicals.com/
pigments