Clariant, Wilmar JV amines selected amines derivatives

Clariant, Wilmar JV for amines and selected amines derivatives

6:41 AM, 26th October 2012
Clariant, Wilmar JV for amines and selected amines derivatives
Hariolf Kottmann, CEO, Clariant.

MUTTENZ, SWITZERLAND/SINGAPORE: Clariant Ltd and Wilmar International have signed an agreement to establish a 50-50 joint venture as the global platform for production and sales of 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. 

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. Wilmar will contribute a new plant in China as well as its oleochemical expertise, including access to renewable raw materials.

“Wilmar and Clariant will leverage on their companies’ individual strengths to create a global platform with significant growth opportunities. With this first step, both partners are dedicated to creating a new leading player in the global amine and amine derivatives market. For Clariant it is also an important next move on our way to further optimizing our portfolio,” said Hariolf Kottmann, CEO, Clariant.

© WOC News 



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