International. Clariant underlined its commitment to Asia with a multi-million dollar investment by CHF for its additive business to ensure local manufacturing in China of high-end customized solutions for the plastics, coatings and ink industries.
With this investment, the Additives Business Unit (BU) adds its first two fully owned production facilities to the company's long regional network of commercial and technical support. This provides BU Additives with a greater capacity to respond to the growing demand for innovative and sustainable solutions in Asia. For example, the water-based coatings market in the Asia-Pacific region is estimated to grow from US$15bn in 2015 to US$19bn by 2020.
Expanding its manufacturing footprint will also allow Clariant to shorten supply timelines and deliver customized high-tech solutions more quickly in this region. The new facility at Clariant's well-established site in Zhenjiang, China, is expected to become operational in 2018.
The two production units will focus on offering high-performance additive solutions for packaging, agro-films, automotive and other applications, and micronized waxes for various coatings and ink applications.
