Clariant AG is a Swiss multinational speciality chemicals company, formed in 1995 as a spin-off from Sandoz. The company is focused on four business areas: care chemicals; catalysis; natural resources; and plastics & coatings. Headquartered in Muttenz, Switzerland, the public company encompasses 110 operating companies in 53 countries. Major manufacturing sites are located in Europe, North America, South America, China, and India. In 2015, sales from continuing operations were 5.8 billion CHF. European markets account for about one-third of sales, while Asia-Pacific, North America and Latin America account for about one-fifth each. Net income in 2015 was 227 million CHF, while EBITDA was 853 million CHF. The company has sales of around US$6 billion. Headquarters are officially in Muttenz, but most central functions are officed in a dedicated corporate centre in nearby Pratteln, both near Basel, Switzerland. Clariant's four business areas, are: Plastics & Coatings, Care Chemicals, Natural Resources and Catalysts.