Clariant AG: Clariant Acquires the Organic Pigment Business of Jiangsu Multicolor and Announces Investment in New Plant in China
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Clariant AG /
Clariant AG: Clariant Acquires the Organic Pigment Business of Jiangsu
Multicolor and Announces Investment in New Plant in China
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* 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.
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
www.clariant.com
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.
Press release english:
http://hugin.info/100166/R/1732052/579393.pdf
Press release deutsch:
http://hugin.info/100166/R/1732052/579392.pdf
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originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1732052]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 301137
Anzahl Zeichen: 4758
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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