Clariant continues to strengthen presence in Greater China

21-Oct-10

Swiss specialty chemicals company Clariant continues to strengthen its presence in Greater China with the official opening of its new Greater China headquarters in Shanghai. The new facility also includes a new technical application center for pigments. Clariant further announced the start-up of its new Quinacridon pigment joint venture in Hangzhou. In September 2009, Clariant had launched its new multi-purpose-plant (MPP) in Zhenjiang. A new ethoxylation facility in Dayabay, the industrial hub in Southern China is currently under construction. Its opening is scheduled for mid 2011. Clariant will have invested approximately 150 mln Swiss francs (CHF) over the past two and a half years. In , Greater China will gain a share of around 8% of the worldwide Clariant business. “Setting up the new Greater China headquarters and the new production site in Hangzhou reflects Clariant`s confidence in the stability and growth of the Chinese economy. And, with a sales increase of about 30% in 2010, China is one of the fastest growing markets for Clariant”, comments Dr. Hariolf Kottmann, Clariant`s Chief Executive Officer.