Clariant AG : Clariant and Wilmar Receive Merger Clearance for the Establishment of the Joint Venture for Global Amines
(Thomson Reuters ONE) -
Clariant AG /
Clariant AG : Clariant and Wilmar Receive Merger Clearance for the Establishment
of the Joint Venture for Global Amines
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The issuer is solely responsible for the content of this announcement.
* Profitable growth based on a well-positioned portfolio
* Headquartered in Singapore
Muttenz/Singapore, July 08, 2013 -Clariant International Ltd, a world leader in
Specialty Chemicals, and Wilmar International Limited, a leading Asian
agribusiness group, have received the relevant merger clearances for the
establishment of their 50-50 joint venture called "the global amines company",
which is now in operation.
The global amines company will be the global platform for production and sales
of fatty amines and selected amines derivatives. The joint venture will be
headquartered in Singapore with global sales, distribution and production
affiliates.
The joint venture has its own production capacities for amines in Germany and
China, contributed by Clariant and Wilmar respectively, as well as access to
amines capacities in Brazil and Mexico. For amine derivatives, the global amines
company has access to around a dozen Multi-Purpose-Plants of Clariant all around
the globe. Leveraging on the global reach and the individual strengths of Wilmar
and Clariant, the global amines company will seek significant growth
opportunities - in particular, in the markets of Industrial Care, Home Care and
Personal Care.
"The combination of Wilmar's integrated agribusiness model based on renewable
materials and its strong position in oleochemicals with Clariant's technical
experience and market presence in the downstream amines and derivative sector
will position the global amines company as the first fully integrated and
competitive player along the value chain of amines," states Stephan Lynen,
General Manager of the global amines company.
Leveraging on their track record of technical and commercial reliability, both
partners are dedicated to position the global amines company as a new leading
player in the amines and amine derivatives market.
CLARIANT
CORPORATE MEDIA RELATIONS INVESTOR RELATIONS
Kai Rolker Ulrich Steiner
Phone +41 61 469 63 63 Phone +41 61 469 67 45
kai.rolker(at)clariant.com ulrich.steiner(at)clariant.com
Stefanie Nehlsen Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49
stefanie.nehlsen(at)clariant.com siegfried.schwirzer(at)clariant.com
WILMAR
CORPORATE COMMUNICATIONS INVESTOR RELATIONS
Iris Chan Lim Li Chuen
Phone +65 6216 0870 Phone +65 6507 0592
iris.chan(at)wilmar.com.sg lim.lichuen(at)wilmar.com.sg
Press Release English:
http://hugin.info/100166/R/1714623/569442.pdf
Press Release Deutsch:
http://hugin.info/100166/R/1714623/569450.pdf
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originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1714623]
Unternehmensinformation / Kurzprofil:
Datum: 08.07.2013 - 01:30 Uhr
Sprache: Deutsch
News-ID 276049
Anzahl Zeichen: 3898
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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