Clariant signs JV contract with Tiangang
has announced the signing of a Joint Venture contract with Tiangang Auxiliary Co., Ltd., a leading supplier of UV Light Stabilizers in China. The multi-million CHF investment of Clariant’s Performance Additives business and Tiangang will establish a worldclass production facility in China to meet the growing local demand for process and light stabilizer additives in various growing industries such as textiles or automotive.
“The partnership with Tiangang is another successful step toward strengthening Clariant’s position in China. By cooperating with a leading Chinese company like Tiangang, we can exchange best practices and valuable market insights in order to deliver ever-more tailored solutions to our customers,” said Christian Kohlpaintner, Clariant’s Executive Committee Member residing in China.
To support the growing demand of customers 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. Production is scheduled to come on stream in the first half of 2019.