Derek Welch Non-executive director of GTS Chemical Holdings plc talks about revenues being up 46% plus a commitment to a 5% dividend and a growing business.
GTS are the largest producer of ammonium sulfite and the second largest producer of ammonium bisulfite in China. We have been serving the paper industry and chemical industry since 2007. Our chemicals are used in the sustainable manufacture of paper from waste materials such as straw.
Derek has spent the majority of his career working for listed chemicals and paints companies in the UK and Europe. From 2000 to 2011, Derek worked for AkzoNobel NV, the leading pulp and paper chemical producer, in various roles including Director of Corporate Strategy. He was responsible for planning and executing the transformation of AkzoNobel, including the refocus of its chemicals business and the $16bn acquisition of the British chemicals company ICI plc. In 2011, Derek retired from AkzoNobel, continuing to work with them on a consultancy basis until 2013. Previously, Derek spent significant time in China with Courtaulds plc, establishing JVs and overseeing chemical plant expansions. He was previously a non executive director of ICI Pakistan, which was one of the largest quoted companies in Pakistan and is currently a trustee of the ICI Pension Scheme in the UK.
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