24-25 Aug, 2017 - Bangkok, THAILAND
Radisson Blu Plaza Bangkok
Radisson Blu Plaza Bangkok
Clariant – a leading specialty chemicals company is increasing its footprint in Asia with a new additives business expansion in China. The new facilities are going to be built at Clariant’s site in Zhenjiang, China, slated to commence operations in 2018.
The multi-million CHF investment will add the first two fully-owned production facilities to the company’s regional network of commercial and technical support.
The facilities will offer performance additive solutions for packaging, automotive and micronised waxes for various coatings & inks applications. The solutions are expected to improve end product properties, extend energy conservation and have higher recyclability – all in tune to China’s demand for sustainable products. In fact China’s 13th Five Year Plan and the industrial policy ‘Made in China 2025’ emphasizes a lot on environmentally-compatible and safe products.
The new facilities will also cater to the growing demand for innovative and sustainable solutions in the Asia region – especially water-based coatings market in Asia Pacific region that is estimated to grow from US$15bn in 2015 to US$19bn by 2020. Plus, Clariant is also looking to shorten supply lead times and deliver customised high-tech solutions in this region via the new additions. Further local production in China will enable Clariant to be in a better position in terms of growth perspectives of the Asia region, especially that of China.
More about coatings market expansion in Asia at CMT’s 17th Asia Coatings Markets on 24-25 August in Bangkok.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
