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Sunday, 15 September 2019
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Markets & companies, Raw materials market

Pigments: Clariant acquires and invests in China

Monday, 30 September 2013

Clariant acquires the organic pigment business of Jiangsu Multicolor and announces investment in new plant in China.

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. Source: Clariant
The bolt-on acquisition and the subsequent investment in a new plant allows Clariant to expand its pigments and pigment preparation activities in C...

Clariant 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 CNY 210 million (CNY 1 = EUR 0.12). It manufactures and markets pigments and pigment preparations mainly for customers in coatings, plastics and printing inks in the domestic and export markets. Additionally, Clariant will build a world scale Pigment PV23 plant in Zhenjiang, Jiangsu Province, PRC.

"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.

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