18 months after the signing of the joint venture agreement between Clariant and Hangzhou Baihe Chemical Co. Ltd. for the production of High-Performance (HP) pigments in Hangzhou southwest of Shanghai, China, the new facility goes on stream. This signifies a leap in the HP pigments market in China, making available pigments from local production that meet the high standards of the growing number of international customers with production facilities in China as well as the needs of local customers.
The joint venture between the two companies was preceded by several years of cooperation between the Pigments & Additives Division of Clariant, one of the world's top-ranking pigment producers, and the privately owned Hangzhou based company Hangzhou Baihe Chemical Co. Ltd., a leading Chinese manufacturer of organic pigments with an annual turnover of over 60 million USD. The joint venture is a response to the growing demand for HP pigments in China and neighboring Asian countries, both from local as well as from international companies investing in production facilities in China. The plant in Hangzhou starts operation in June 2006.
At the new facility, which has a substantial capacity, Clariant will produce red and yellow HP pigments. The joint venture products will be marketed and sold by Clariant's international organization. High-performance organic pigments are used in a wide range of industrial applications in printing, coatings, plastics, and specialties.
(Company Press Release)
21-Jun-06 
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