International. Clariant announced the official opening of two new fully owned additive facilities at its site in Zhenjiang, China. This completes a multi-million dollar CHF (Swiss Franc) investment originally announced last year and launches Clariant's Additives business in China to further expand its offering of high-end customized solutions for the plastics, coatings and ink industries.
"This comprehensive investment in the Zhenjiang Economic and Technological Development Zone marks another milestone in our commitment to expanding skill and capacity in China, one of Clariant's most important strategic markets. We are pursuing a dedicated strategy aimed at increasing and sharpening the focus on China. I am proud to see this successfully executed and am excited about its benefits going forward," said Christian Kohlpaintner, member of Clariant's Executive Committee, at the opening ceremony.
The newly opened facility is dedicated to the production of Ceridust micronized waxes and AddWorks synergistic additive solutions, which are used in various applications in the plastics, coatings and inks industries. Clariant's Additives business is already a preferred partner of producers in these industries and the additional local production capacity will enable Clariant to offer more customized solutions at shorter lead times. Such bespoke solutions are a key component in continuing to expand Clariant's China sales, and when they meet the demand for environmentally compatible and safe products as outlined in the China 13 Five Year Plan and the 'Made in China 2025' industrial policy, while enabling Clariant to differentiate itself in the market environment.
