2013 Exhibitions
Swiss speciality chemicals supplier Clariant and Singapore-headquartered agribusiness group Wilmar International are setting up a 50-50 joint venture to produce and sell amines and selected amines derivatives.
The joint venture will be headquartered in Singapore with global sales, distribution and production affiliates. Subject to receipt of regulatory approvals, including merger clearances, the joint venture is expected to be operational in spring of 2013. “
The firms say the collaboration combines Wilmar’s integrated agribusiness model and Clariant’s large presence in basic and downstream oleochemicals with Clariant’s technical expertise and established market presence in amines, to make the venture “very compelling”.
Clariant will contribute its Industrial & Consumer Specialties (ICS) Business Unit’s sales activities of relevant amines and defined derivatives to the joint venture as well as its amines plant in Germany and production output from its amines plant in Brazil. Headquartered in Muttenz, Switzerland, ICS has the highest sales volume in the Clariant Group and is one of the largest providers of speciality chemicals and application solutions for consumer care and industrial markets.
Wilmar will contribute a new plant in China as well as its oleochemical expertise, including access to renewable raw materials. Wilmar is among the world's largest processors and merchandisers of palm and lauric oils.
(PRA)
