Clariant enters partnership with Tiangang for production of polymer additives
Clariant has signed a Joint Venture contract with Tiangang Auxiliary Co., Ltd. The multi-million CHF investment of both companies will establish a production facility in China to meet the growing local demand for process and light stabilizer additives.
“The partnership with Tiangang is another successful step toward strengthening Clariant’s position in China. It provides us with a stronger local footprint to better position our innovative solutions in the growing Asia region, especially in China”, said Christian Kohlpaintner, Clariant's Executive Committee Member residing in China.
Key market China
China is one of the key markets for high-end process and light stabilisers. To support the growing demand of customers in China, Clariant and Tiangang will jointly manufacture process and light stabilisers 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.
Supplier for the polymer industry
Gang Liu, Vice President, Tiangang comments: “Established in 1991, Tiangang has been a trusted supplier for the polymer industry with a complete range of light stabiliser products and solutions. By partnering with Clariant, we look forward to combining the rich technology and production knowledge of both companies to provide value-adding solutions and products to the polymer industry.”
Investment in Zhenjiang
The joint venture with Tiangang is the latest move to expand the local footprint of Clariant’s Additives business in China. It follows the announcement in May 2017 of an investment in Zhenjiang, China which will create a state-of-the-art production facility for “Addworks”, synergistic additive solutions and “Ceridust”, micronised waxes serving the plastics, coatings and inks industries. It is scheduled to come on stream in the second half of 2018.
