M&As: Clariant in jv with Fuhua for flame retardants
Swiss chemical firm Clariant has entered into a joint venture with Chinese integrated chemical firm Fuhua to develop non-halogenated flame retardants. The new initiative, which is subject to customary approval from relevant authorities, aims to create next-generation phosphorus-based flame retardants to serve several industries like building and construction, automotive, electric and electronic, directly addressing the tightening technical and regulatory environment in these sectors.
The signing of this strategic joint venture agreement is the result of Clariant and Fuhua's joint innovation and R&D strategic cooperation.
The cooperation will fully leverage the advantages and strengths of both Clariant and Fuhua to develop new phosphorus-based products that maintain or improve flame retardant performance while meeting regulatory requirements.
The new development initiative comes as regulatory bodies worldwide are implementing stricter controls on traditional flame retardant technologies. Clariant's proactive approach enables the company to anticipate these changes and develop compliant alternatives before customers face regulatory challenges, reinforcing the company's reputation for forward-thinking innovation in specialty chemicals, it adds.
This latest investment builds upon Clariant's established presence in China, following the CHF100 million investment in its Daya Bay facility with a second production line for Exolit OP flame retardants. The company also expanded its capabilities with a second production line for Nylostab S-EED stabilizer in Cangzhou, which opened recently.
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