17. May 2021 | Markets & Companies
Clariant expands in China: New joint venture facility
The new facility is jointly owned by Clariant and Beijing Tiangang Auxiliary Co., Ltd. (Tiangang), a privately owned producer and supplier of light stabilisers in China. Located within the Cangzhou National Coastal-Port Economy & Technology Development Zone in Cangzhou (Hebei Province), the facility forms the centerpiece of the partnership between both companies.
Growing demand in China
It is intended to enable Clariant and Tiangang to continue their cooperation with an enhanced ability to fulfill the growing demand in China for high-end process and light stabilisers from local growth industries like automotive, textiles and coatings.
“With this state-of-the-art facility, we enhance our ability to support Chinese customers with high-end stabilisers that fulfill their growing demands for sustainable solutions. It is through such expanded local production capacity, which is focused on fulfilling local needs and is supported by a strong local partner in Tiangang, that Clariant will keep outgrowing the local market,” said Conrad Keijzer, CEO of Clariant.
China represents a key growth region for Clariant, and the company is committed to further enhancing its local production and R&D capabilities. In addition to this newly opened facility in Cangzhou, Clariant recently inaugurated its new One Clariant Campus in Shanghai, which includes a dedicated China Innovation Center.
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