Clariant Enters Partnership for Production of High-End Polymer Additives in China
MUTTENZ, Switzerland – Specialty chemicals company Clariant has signed a joint venture contract with Tiangang Auxiliary Co. Ltd., a privately owned producer and leading supplier of UV light stabilizers in China. The contract will become effective subject to merger control clearance. The investment of Clariant’s Performance Additives business and Tiangang will establish a production facility in China to meet the growing local demand for process and light-stabilizer additives in various growing industries, such as textiles and automotive.
“The partnership with Tiangang is another successful step toward strengthening Clariant’s position in China. It provides us with a stronger local footprint to better position our innovative solutions in the growing Asia region, especially in China. Furthermore, by cooperating with a leading Chinese company like Tiangang, we can exchange best practices and valuable market insights in order to deliver ever-more tailored solutions to our customers,” said Christian Kohlpaintner, Clariant's Executive Committee Member residing in China.