Clariant Enters Partnership with Tiangang
September 25, 2017
Clariant has signed a joint venture contract with Tiangang Auxiliary Co., Ltd. The multi-million CHF investment of Clariant’s Performance Additives business and Tiangang will establish a world-class production facility in China to meet the growing local demand for process and light stabilizer additives in various growing industries such as textiles or automotive, the companies stated. Subject to merger control clearance, the contract shall become effective.
“The partnership with Tiangang is another successful step toward strengthening Clariant’s position in China,” said Christian Kohlpaintner, Clariant’s executive committee member residing 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.”
China is one of the markets for high-end process and light stabilizers, which include the Nylostab® S-EED® chemistry, invented by Clariant. To support the growing demand of customers in China, Clariant and Tiangang will jointly manufacture process and light stabilizers and plan to install a new production site in the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province. Production is scheduled for the first half of 2019. The joint venture also plans to expand its offering of solutions for the automotive industry in the future, the companies stated.
“The production joint venture with Tiangang significantly strengthens our ability to serve the strongly growing demand for high-end additives solutions in Asia, said Stephan Lynen, head of Clariant BU Additives. “Having local production with a well-established and trusted partner improves proximity to our customers and to our raw material suppliers. This will enable us to accelerate response times and shorten supply lead times.”