Clariant signs a joint venture agreement with Tiangang Auxiliary Co., Ltd., a privately owned producer and supplier of UV light stabilizers in China. Clariant and Tiangang will jointly manufacture process and light stabilizers and plan to install a new production site in the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province, according to the company. Production is scheduled to come on stream in the first half of 2019. China is reportedly one of the key markets for process and light stabilizers, which includes Clariant’s Nylostab S-EED chemistry.
The joint venture is the latest move to expand the local footprint of Clariant’s Additives business in China. It follows the announcement in May 2017 of an investment in Zhenjiang, China that will create a production facility for AddWorks synergistic additive solutions and Ceridust micronized waxes serving the plastics, coatings and inks industries. It is reportedly scheduled to come on stream in the second half of 2018.
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