Clariant to Invest in New Additives’ Facilities in China
May 23, 2017
Clariant’s Additives Business Unit (BU) has made a multi-million CHF investment in two production facilities in China. This provides BU Additives increased ability to respond to the strongly growing demand for innovative and sustainable solutions in Asia, Clariant stated.
“This investment is another proof point of our commitment to strengthen Clariant’s position in China, where the future of our company is going to be decided. Local production in China puts us in a better position to benefit from the growth perspectives of the Asia region, and especially of China,” said Christian Kohlpaintner, Clariant’s executive committee member. “Being closer to our customers enables us to better cooperate and tailor our solutions to their needs as well as gain valuable market insights.”
The expansion of its manufacturing footprint will also reportedly enable Clariant to shorten supply lead times and deliver customized high-tech solutions more rapidly in this region. The new facilities in Zhenjiang, China are expected to be completed in 2018.
According to Clariant, the two production units will focus on offering performance additive solutions for packaging, agro-films, automotive, and other applications, and micronized waxes for various coatings and inks applications. These innovative and sustainable solutions can improve end-product properties, extend energy conservation or have higher recyclability, and will fill unmet needs of new products with stronger sustainable characteristics and improved performance for customers in Asia, the company stated.