Clariant and Wilmar Receive Clearance for Amines JV
MUTTENZ, Switzerland/SINGAPORE – Specialty chemicals company Clariant International Ltd. and Wilmar International Limited, a leading Asian agribusiness group, have received the relevant merger clearances for the establishment of a 50-50 joint venture called The Global Amines Co., which is now in operation.
The Global Amines Co. will be the global platform for production and sales of fatty amines and selected amines derivatives. The joint venture will be headquartered in Singapore with global sales, distribution and production affiliates.
The joint venture has its own production capacities for amines in Germany and China, contributed by Clariant and Wilmar respectively, as well as access to amines capacities in Brazil and Mexico. For amine derivatives, The Global Amines Co. has access to around a dozen of Clariant’s multi-purpose plants around the globe. Leveraging on the global reach and the individual strengths of Wilmar and Clariant, The Global Amines Co. will seek significant growth opportunities – in particular, in the industrial care, home care and personal care markets.
“The combination of Wilmar’s integrated agribusiness model based on renewable materials and its strong position in oleochemicals with Clariant’s technical experience and market presence in the downstream amines and derivative sector will position The Global Amines Company as the first fully integrated and competitive player along the value chain of amines,” said Stephan Lynen, General Manager of The Global Amines Company.
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