Clariant has signed a joint venture contract with Tiangang Auxiliary Co Ltd, a privately-owned producer and leading supplier of UV light stabilizers in China.
The multi-million CHF investment of Clariant's performance additives business and Tiangang will establish a world-class production facility in China to meet the growing local demand for process and light stabilizer additives in various growing industries such as textiles or automotive.
To support the growing demand of customers in China, Clariant and Tiangang will jointly manufacture process and light stabilizers 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.
No comments:
Post a Comment