MUTTENZ, Switzerland/SINGAPORE – Specialty chemicals company Clariant Ltd. and Wilmar International Limited have, through their subsidiaries, signed an agreement to establish a 50-50 joint venture as the global platform for production and sales of amines and selected amines derivatives. The joint venture will be headquartered in Singapore with global sales, distribution and production affiliates. It is expected to be operational in the spring of 2013.
Clariant will contribute its Industrial & Consumer Specialties (ICS) Business Unit’s sales activities of relevant amines and defined derivatives to the joint venture as well as its amines plant in Germany and production output from its amines plant in Brazil. Wilmar will contribute a new plant in China as well as its oleochemical expertise, including access to renewable raw materials.
Report Abusive Comment