Clariant and Tiangang kick-start jv for light & process stabilisers in China


Swiss speciality chemicals company Clariant and Tiangang Auxiliary Co., a privately owned producer and leading supplier of light stabilisers in China, have kicked-off their new production joint venture with the go-ahead to purchase a site within the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province.

Clariant supplies light stabiliser solutions, such as advanced technologies for Plastics & Coatings like the HALS technology Hostavin NOW. Clariant and Tiangang intend to build a world-class production facility for the joint manufacture of process and light stabilisers at the location, to support growing local demand for high-end solutions from the region’s expanding industries. Production at the new site is scheduled to come on stream in the first half of 2019. The JV will initially focus on textile-related stabilisers and solutions for the automotive industry.

The assignment of the land for the production plant was officially confirmed recently by Zhang Guo Dong, Standing Committee Member of Cangzhou Municipal Party Committee of the CPC.

Secretary Zhang Guo Dong commented: “With the signing of Clariant's project, Bohai New Area has made another great breakthrough in the introduction of foreign advanced technology. All departments of Bohai New Area are committed to actively providing enterprises with any support they need during the construction of their projects.” In addition, Zhang hopes that the area could explore more opportunities with Clariant based on the existing cooperation so as to introduce more foreign advanced technologies into the area. Zhang is looking forward to completion of the preliminary work and to welcoming Clariant to the area.

Stephan Lynen, Head of Clariant BU Additives, said: “The demand for high-end additives solutions is growing strongly in China. With the merger control clearance successfully confirmed in October, we are pleased to complete this next important step with our trusted partners towards establishing local production that will accelerate response times, shorten supply lead times and deliver tailored solutions to our customers in the growing Asia region, especially in China.”

The company says that Cangzhou National Coastal-Port Economy & Technology Development Zone is an ideal location as it has good access to necessary raw materials and other support.


Copyright (c) 2017 www.plasticsandrubberasia.com. All rights reserved.