Product
Supplier
Encyclopedia
Inquiry
Home > News > Company News > Clariant: Putting China at the heart of growth

Clariant: Putting China at the heart of growth

2020-11-02

After many years of development, China has become the world's largest chemical market, with a market share of 40 percent. For this reason, the Clariant Group's top management reached a consensus in 2013: "Clariant's future depends on Asia, and China in particular." To this end, Clariant is gradually changing its own operating model in China. In the early days, Clariant's operating model was to manufacture in Europe and sell its products to China. Later, due to the strong growth of the Chinese market, Clariant adjusted its strategy to place the development of its Chinese business at the core.

Today, Clariant manufactures 70% of its products in China for the local market and 30% for export, mainly in Southeast Asia.

  At the same time, with China at the heart of its development, investment and expansion in China is inevitable. In recent years, Clariant has established a number of new plants and joint ventures in China to increase production capacity. These include the addition of two new additive manufacturing facilities in Zhenjiang to provide solutions for the plastics, coatings and inks industries; a joint venture with Beijing-based Tiangang Auxiliaries in Cangzhou, Hebei province, dedicated to the production of high-end polymer additives; the expansion of engineering plastics and high-temperature resin production capacity in Shanghai; and the establishment of Clariant's catalyst offices in Yinchuan and Qingdao.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

Looking for chemical products? Let suppliers reach out to you!

Comment
Comment

Trade Alert

Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)

Scan the QR Code to Share

Feedback & Suggestions
Send Message

Thank you for your feedback. If you require further assistance, please contact us by email at info@echemi.com or call us at +86-532-55729510.