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

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Best Places To Work: No. 6, Colors For Plastics

March 4, 2015 12:35 pm ET

Colors For Plastics, which now employs 115 people, started with one man who handled everything.    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Obituary: Guido Ghisolfi, PET company executive

March 4, 2015 9:47 am ET

Guido Ghisolfi — a top executive with global PET resin leader Mossi & Ghisolfi Group — has died from an apparent suicide.    More

Image

Bayer to stop MDI production in Brazil

March 4, 2015 9:21 am ET

Bayer AG's Bayer MaterialScience plans to stop production of MDI polyurethane at its plant near Rio de Janeiro in July, removing 55 metric tons per ye...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events