CLARIANT AG 
-- Facility is the centerpiece of the cooperation
between Clariant and Tiangang
-- Enhances ability to serve increasing demand from
Chinese growth industries
-- Contributes to Clariant's growth ambitions in Chinese
market
Muttenz, April 12, 2021-- Clariant, a focused, sustainable and
innovative specialty chemical company, today announced the opening of a
new world-class production facility for process and light stabilizers.
The facility is jointly owned by Clariant and Beijing Tiangang Auxiliary
Co., Ltd. (Tiangang), a privately owned producer and leading supplier of
light stabilizers in China.
Located within the Cangzhou National Coastal-Port Economy & Technology
Development Zone in Cangzhou (Hebei Province), the facility forms the
centerpiece of the partnership between both companies. It enables
Clariant and Tiangang to continue their successful cooperation with an
enhanced ability to fulfill the growing demand in China for high-end
process and light stabilizers from local growth industries like
automotive, textiles and coatings.
"With this state-of-the-art facility, we enhance our ability to support
Chinese customers with high-end stabilizers that fulfill their growing
demands for sustainable solutions. It is through such expanded local
production capacity, which is focused on fulfilling local needs and is
supported by a strong local partner in Tiangang, that Clariant will keep
outgrowing the local market," said Conrad Keijzer, CEO of Clariant.
China represents a key growth region for Clariant, and the company is
committed to further enhancing its local production and R&D
capabilities. In addition to this newly opened facility in Cangzhou,
Clariant recently inaugurated its new One Clariant Campus in Shanghai,
which includes a dedicated China Innovation Center. Furthermore, the
company announced the construction of a new Catofin(TM) catalysts
production facility in Jiaxing, Zhejiang Province, and considers
initiating additional expansions in the near future. Combined with other
components of its dedicated China strategy, these expansions will enable
Clariant to grow its China sales (core business) beyond the current
level of CHF 402 million in 2020, which represents approximately 10% of
the Group's continuing operations sales.
Process and light stabilizers are types of additives used to reduce the
degradation of plastics, in particular caused by exposure to the
environmental conditions of light, heat and air. China is a key market
for Clariant's range of such stabilizers, which include the
state-of-the-art Nylostab(R) S-EED(R) chemistry -- invented by Clariant
-- a unique multifunctional hindered amine light stabilizer, or HALS --
for polyamid.
"As a leader in high-end additive solutions, we are very excited to
extend our production footprint and step up local access to
high-performing, sustainable solutions. Combining the strengths of both
Clariant and Tiangang in a world-class production facility in China,
close to our customers, makes perfect sense. It fastens our ability to
support the specific and evolving challenges of our customers with
sustainable and high-quality offerings," said Francois Bleger, Global
Head of Clariant's Business Unit Additives.
The joint venture between Clariant and Tiangang was established in
September 2017 and combines the technology and production knowledge of
both companies to provide even better process and light stabilizers for
various growing industries in China. These industries seek to develop in
accordance with China's economic and climate-related goals and Clariant
is able to provide advanced technologies and sustainable products needed
to do so. Furthermore, as the drive for sustainability is becoming a
truly global movement, Clariant is confident that its production
facilities in China will help fulfil a worldwide growing demand for
innovative and sustainable products.
Mr. Gang Liu, Executive Director of Tiangang announced: "The official
opening of the facility marks a great milestone in the cooperation
between both companies. Built on the expertise of both partners, the
production facility will now serve the growing demand for high-end
additives solutions in Asia with world-class quality products and
exceptional service."
More information about the opening, as well as Clariant's participation
in the Chinaplas trade show can be found via
https://www.globenewswire.com/Tracker?data=ut4hxUA0pbHzbv7XDP8phLYQT0HGGMH02URSK39NkqVtr6vGFUZCZv9Q2S09NG0r7hPQXgqi-zvw28XRz8ZikCcYv-RpLr8meH5e_mAZKG2fWTUJeMy8WQeRNJ_xfP56wjqYaSCd4HZpE-igffPtnHdcunY1OvbZ0qS_Sy2XtdEO_SBSScRoD3JAaC2Xar0XOZgNc9zI1rhzicdQZxg0264n1A-lRerqxkZp9B-3tVaxve7p3te01Fw1kaL32mKc7D2s373dEq8pjJGh294PcwqqKjK7v-iQkqTgiz-qfobwaVjWK9E2Rpyrb7dVUau-YH1Xg5Uj3FPFU2h0QVXr8Q==
https://www.clariant.com/en/Corporate/Events/2021/04/2021-Chinaplas-Clariant-Additives-JV-Cangzhou-Opening-Ceremony
Corporate Media Relations Investor Relations
Jochen Dubiel Andreas Schwarzwälder
Phone +41 61 469 63 63 Phone +41 61 469 63 73
jochen.dubiel@clariant.com andreas.schwarzwaelder@clariant.com
Claudia Kemansky Maria Ivek
Phone +41 61 469 63 63 Phone +41 61 469 63 73
claudia.kamensky@clariant.com maria.ivek@clariant.com
Thijs Bouwens Alexander Kamb
Phone +41 61 469 63 63 Phone +41 61 469 63 73
thijs.bouwens@clariant.com alexander.kamb@clariant.com
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This media release contains certain statements that are neither
reported financial results nor other historical information.
This document also includes forward-looking statements. Because
these forward-looking statements are subject to risks and
uncertainties, actual future results may differ materially
from those expressed in or implied by the statements. Many
of these risks and uncertainties relate to factors that are
beyond Clariant's ability to control or estimate precisely,
such as future market conditions, currency fluctuations,
the behavior of other market participants, the actions of
governmental regulators and other risk factors such as: the
timing and strength of new product offerings; pricing strategies
of competitors; the Company's ability to continue to receive
adequate products from its vendors on acceptable terms, or
at all, and to continue to obtain sufficient financing to
meet its liquidity needs; and changes in the political, social
and regulatory framework in which the Company operates or
in economic or technological trends or conditions, including
currency fluctuations, inflation and consumer confidence,
on a global, regional or national basis. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this document. Clariant
does not undertake any obligation to publicly release any
revisions to these forward-looking statements to reflect
events or circumstances after the date of these materials.
http://www.clariant.com www.clariant.com
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Clariant is a focused, sustainable and innovative specialty
chemical company based in Muttenz, near Basel/Switzerland.
On 31 December 2020, the company employed a total workforce
of 13 235. In the financial year 2020, Clariant recorded
sales of CHF 3.860 billion for its continuing businesses.
The company reports in three business areas: Care Chemicals,
Catalysis and Natural Resources. Clariant's corporate strategy
is based on five pillars: focus on innovation and R&D, add
value with sustainability, reposition portfolio, intensify
growth, and increase profitability.
Attachments
-- Clariant Media Release Additives facility opening in Cangzhou China
20210412 EN
https://ml-eu.globenewswire.com/Resource/Download/aae739e7-56da-4519-a163-cf6d4999d6d2
-- Clariant Media Release Additives facility opening in Cangzhou China
20210412 DE
https://ml-eu.globenewswire.com/Resource/Download/23470241-099e-4845-9618-272bd65ffd52(END) Dow Jones Newswires
April 12, 2021 01:00 ET (05:00 GMT)
