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Clariant acquires organic pigment business of Jiangsu Multicolor and invests in new plant in China

October 08/2013

MOSCOW (MRC) -- Clariant, a world leader in specialty chemicals, has announced that it has acquired the Organic Pigment business of Jiangsu Multicolor Fine Chemical (JMC) based in Jiangsu Province, China, reported the company on its site.

JMC is a leading supplier of several types of high performance pigments and pigment preparations in China. The business recorded sales of RMB 210 million (approximately CHF 30 million). It manufactures and markets pigments and pigment preparations mainly for customers in coatings, plastics and printing inks in the domestic and export markets.

Additionally, as part of this project, Clariant will build a world scale Pigment PV23 plant in Zhenjiang, Jiangsu Province, China. The plant will be designed to ensure highest yields, lowest cost and the highest efficiency in terms of sustainable operations and full compliance with local and international regulatory standards.

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.

The new plant, together with the other facilities in its manufacturing network, reinforces Clariants ongoing commitment to fulfil the growing demand of customers in coatings, plastics, printing inks and other applications for high-quality products and solutions.

As MRC wrote earlier, Clariant has recently announced the closing of the sale of its Textile Chemicals, Paper Specialties and Emulsions businesses to SK Capital. Starting 1 October 2013, the three former Clariant businesses are now operating under the name Archroma. Worldwide, 2,900 employees will transfer to Archroma.

Clariant AG is a Swiss chemical company and a world leader in the production of specialty chemicals for the textile, printing, mining and metallurgical industries. It is engaged in processing crude oil products in pigments, plastics and paints.


mrcplast.com
Author:Margaret Volkova
Tags:adhesives, tekstil, paints and coatings, Clariant International, SK Corporation, China.
Category:General News
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