China: Production of Additives Clariant Signs JV Contract with Tiangang
Clariant announced the signing of a Joint Venture contract with Tiangang Auxiliary, a privately owned producer and supplier of UV Light Stabilizers in China, for the production of high-end polymer additives in China.
Muttenz/Switzerland — The multi-million Dollar 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.
China is one of the key markets for high-end process and light stabilizers, which include Clariant's Nylostab S-EED chemistry. To support the growing demand of customers in China, the companies 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 to come on stream in the first half of 2019. The JV also plans to expand its offering of solutions for the automotive industry in the future.
The joint venture with Tiangang is the latest move to expand the local footprint of the Swiss manufacturer's Additives business in China. It follows the announcement in May 2017 of an investment in Zhenjiang, China which will create a production facility for Add Works, synergistic additive solutions and Ceridust, micronized waxes serving the plastics, coatings and inks industries. It is scheduled to come on stream in the second half of 2018.