Clariant, Tiangang Partner to Produce Polymer Additives in China

Clariant has signed a joint venture contract with Tiangang Auxiliary Co Ltd, a privately-owned producer and leading supplier of UV light stabilizers in China.

The multi-million CHF investment of Clariant's performance additives business and Tiangang will establish a world-class 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.

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. The JV also plans to expand its offering of solutions for the automotive industry in the future.

"The partnership with Tiangang is another successful step toward strengthening Clariant's position in China. It provides us with a stronger local footprint to better position our innovative solutions in the growing Asia region, especially in China. Furthermore, 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.

"The production joint venture with Tiangang significantly strengthens our ability to serve the strongly growing demand for high-end additives solutions in Asia. Having local production with a well-established and trusted partner improves proximity to our customers and to our raw material suppliers. This will enable us to accelerate response times and shorten supply lead times," said Stephan Lynen, head of Clariant BU additives.

"By partnering with Clariant, a world-leading innovative pioneer in additives development, we look forward to combining the rich technology and production knowledge of both companies to provide the best value-adding solutions and products to the polymer industry with world-class quality and services," added Gang Liu, Vice President, Tiangang.