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 

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


Technip bags Dow’s new ethylene plant contract

PARIS, FRANCE: Technip was awarded by Dow Chemical, the front-end engineering and design (FEED) contract and cracking furnaces engineering and procure ...

Read more
Bayer, QIAGEN develop anti-cancer drug

BERLIN, GERMANY: Bayer HealthCare has entered into a strategic partnership with QIAGEN Manchester Ltd for the development of molecular in vitro compan ...

Read more
Evonik enters the roof-topping phase of hydrogen peroxide plant in China

ESSEN, GERMANY: Evonik Industries marked the roof-topping phase of construction for its hydrogen peroxide plant in Jilin, China, with a ceremony on 19 ...

Read more
Valspar to expand R&D centre in Minneapolis, US

MINNEAPOLIS, US: The Valspar Corporation plans to expand its research and development campus and renovate its former headquarters building, located in ...

Read more
Bayer scientists honoured with Otto Bayer Medal

LEVERKUSEN/COLOGNE, GERMANY: Scientists of the Bayer Group have been awarded the Otto Bayer Medal for their excellent achievements in three research p ...

Read more
BASF subsidiary Wintershall and Statoil agree on asset swap

LUDWIGSHAFEN, GERMANY: BASF group company, Wintershall is substantially expanding its production and reserves of oil and gas in the North Sea. Through ...

Read more