China: Speciality Chemicals Clariant and Tiangang Establish JV for Additives Production in China
Clariant and Tiangang Auxiliary kicked-off their new production joint venture with the purchase of a site located in the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province.
Muttenz/Switzerland — The Swiss company and Tiangang, a privately owned producer and leading supplier of light stabilizers in China, intend to build a world-class production facility for the joint manufacture of process and light stabilizers at the location, to support growing local demand for high-end solutions from the region’s expanding industries. Production at the new site is scheduled to come on stream in the first half of 2019. The JV will initially focus on textile-related stabilizers and solutions for the automotive industry.
The assignment of the land for the production plant within the Cangzhou National Coastal-Port Economy & Technology Development Zone was officially confirmed on November 20.
Stephan Lynen, Head of Clariant BU Additives, said: “The demand for high-end additives solutions is growing strongly in China. With the merger control clearance successfully confirmed in October, we are pleased to complete this next important step with our trusted partners towards establishing local production that will accelerate response times, shorten supply lead times and deliver tailored solutions to our customers in the growing Asia region, especially in China.”