MUTTENZ, Germany – Clariant, a specialty chemicals company, announced the sale of its polysilazane coatings business, including the production site in India, to AZ Electronic Materials (AZ), Luxembourg, for approximately EUR 4 million.

Under the terms of the agreement, Clariant retains the exclusive right to develop and use polysilazanes for composite materials and ceramics. Clariant will continue its development in the area of ceramic precursors and fibers based on polysilazanes. It is for this reason that Clariant also concluded a long-term supply agreement for polysilazanes with AZ.