Clariant buys organic pigment unit from China’s Jiangsu Multicolor

By Frank Esposito
Senior Staff Reporter

Published: October 2, 2013 12:33 pm ET
Updated: October 2, 2013 12:34 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers, China
Companies & Associations Clariant International Ltd.

Clariant AG has acquired the organic pigment business of Jiangsu Multicolor Fine Chemical Co. Ltd., and will use that business to build a new pigment plant in China.

The business Clariant is buying makes high-performance pigments for plastics, coatings and printing inks. The unit has annual sales of about $33 million. No purchase price was disclosed in the deal.

The new pigment plant will be located in Zhenjiang, China. Clariant officials said in a Sept. 30 news release that the plant “will be designed to ensure highest yields, lowest cost and the highest efficiency in terms of sustainable operations.”

The acquisition and investment in a new plant “allows Clariant to expand its pigments activities in China in order to have better access to customers in the region,” officials added. Clariant CEO Harriolf Kottmann added in the release that the actions “are in line with Clariant’s strategy of taking advantage of growth opportunities in Asia.”

Clariant is based in Muttenz, Switzerland. The firm operates 11 business units — including one of the world’s largest masterbatch concentrates businesses — and posted sales of about $6.6 billion in 2012.

 


Comments

Clariant buys organic pigment unit from China’s Jiangsu Multicolor

By Frank Esposito
Senior Staff Reporter

Published: October 2, 2013 12:33 pm ET
Updated: October 2, 2013 12:34 pm ET

Post Your Comments


Back to story


More stories

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Coveris changes culture, eyes IPO

November 20, 2014 1:40 pm ET

CEO Gary Masse has a simple message, and some new math, for everyone at Coveris Holdings Corp. Get on board or get out of the way.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events