Clariant acquires organic pigment business Chinese firm, JMC

Clariant acquires organic pigment business of Chinese firm, JMC

10:08 AM, 30th September 2013
Clariant acquires organic pigment business of Chinese firm, JMC
Hariolf Kottmann, CEO, Clariant.

MUTTENZ, SWITZERLAND: Clariant, a world leader in specialty chemicals, has acquired the organic pigment business of Jiangsu Multicolor Fine Chemical Co Ltd (JMC) based in Jiangsu Province, People’s Republic of China. JMC is a leading supplier of several types of high performance pigments and pigment preparations in China. The acquisition allows Clariant to expand pigments and pigment preparation activities in China.

Additionally, as part of this project, Clariant will build a world scale Pigment PV23 plant in Zhenjiang, Jiangsu Province, People’s Republic of China. The plant will be designed to ensure highest yields, lowest cost and the highest efficiency in terms of sustainable operations and full compliance with local and international regulatory standards.

“The acquistion of the Jiangsu Multicolor Business and the investment in a world scale pigment plant in Zhenjiang will consolidate our position as a leader in the pigments industry and it is in line with Clariant’s strategy of taking advantage of growth opportunities in Asia”, said Hariolf Kottmann, CEO, Clariant.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Dow licenses UNIPOL polypropylene technology to Chinese firm

MIDLAND, US: Qinghai Provincial Mining Co Ltd has agreed to license UNIPOL Polypropylene Process Technology from Union Carbide Chemicals & Plastic ...

Read more
Solvay invests €20 million in sodium bicarbonate plant in Thailand

BRUSSELS, BELGIUM: Solvay, a world leader in soda ash and bicarbonate, plans to build South-East Asia’s largest sodium bicarbonate plant in Thai ...

Read more
Inspired by nature, scientists reengineer enzymes

BRUSSELS, BELGIUM: Scientists attempt to reengineer enzymes to introduce the methods of nature into industrial chemistry. Natural enzymes being very c ...

Read more
Kemira’s President, CEO to join Linde

HELSINKI, FINLAND: Wolfgang Buchele, President and CEO, Kemira will resign from his current position to become the CEO of Linde AG. It has been agreed ...

Read more
Alpek, United Petrochemicals JV for PTA, PET plant in Russia

MONTERREY, MEXICO: Grupo Petrotemex, subsidiary of Alpek, and Joint Stock Company United Petrochemical Company (UPC), a subsidiary of Sistema JSFC, si ...

Read more
Merck Serono, Ablynx expand Nanobodies research patnership

GHENT, BELGIUM: Merck Serono, the biopharmaceutical division of Merck KGaA, and Ablynx have further expanded their relationship through a multi-year r ...

Read more