- Clariant`s Business Unit Pigments expands activities in China
- Acquisition and new plant investment to meet growing domestic and export demands
Muttenz, September 30, 2013 - Clariant, a world leader in specialty chemicals, today announced that it has acquired the Organic Pigment business of Jiangsu Multicolor Fine Chemical Co., Ltd (JMC) based in Jiangsu Province, PRC. JMC is a leading supplier of several types of high performance pigments and pigment preparations in China. The business recorded sales of RMB 210 million (approximately CHF 30 million). It manufactures and markets pigments and pigment preparations mainly for customers in coatings, plastics and printing inks in the domestic and export markets.
Additionally, as part of this project, Clariant will build a world scale Pigment PV23 plant in Zhenjiang, Jiangsu Province, PRC. The plant will be designed to ensure highest yields, lowest cost and the highest efficiency in terms of sustainable operations and full compliance with local and international regulatory standards.
The bolt-on acquisition and the subsequent investment in a new plant allows Clariant to expand its pigments and pigment preparation activities in China in order to have better access to customers in the region and especially in China. The new plant, together with the other facilities in its manufacturing network, reinforces Clariant`s ongoing commitment to fulfil the growing demand of customers in coatings, plastics, printing inks and other applications for high-quality products and solutions.
"The acquistion of the Jiangsu Multicolor Business and the investment in a world scale pigment plant in Zhenjiang will consolidate our position as a leader in the pigments industry and it is in line with Clariant`s strategy of taking advantage of growth opportunities in Asia", says Hariolf Kottmann, CEO of Clariant.
"In line with our business strategy, this acquisition and investment enables us to further expand our manufacturing footprint in Asia and to grow in attractive segments of the pigment markets. It will strengthen our ability to capture the growing demand for high performance pigments and pigment preparations in China and in other key markets in Asia", says Marco Cenisio, Head of Clariant`s Business Unit Pigments.
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Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2012 the company employed a total workforce of 21,202. In the financial year 2012, Clariant recorded sales of CHF 6.038 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant`s corporate strategy is based on four pillars: managing businesses for profitability, research & development and innovation, growth in emerging markets, and repositioning of the portfolio.
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Source: Clariant AG via Thomson Reuters ONE