Clariant announces investment in new plant in China

CLARIANT recently announced that it has acquired the Organic Pigment business of Jiangsu Multicolor Fine Chemical Co., Ltd (JMC), a leading supplier of several types of high performance pigments and pigment preparations in China. It manufactures and markets pigments and pigment preparations mainly for customers in coatings, plastics and printing inks in the domestic and export markets, and the business recorded sales of RMB 210 million (approximately CHF 30 million).

Additionally, as part of this project, Clariant will build a world-scale Pigment PV23 plant in Zhenjiang, Jiangsu Province. The plant will be designed to ensure highest yields, lowest cost and the highest efficiency in terms of sustainable operations and full compliance with local and international regulatory standards.

The bolt-on acquisition and the subsequent investment in a new plant allows Clariant to expand its pigments and pigment preparation activities in China in order to have better access to customers in the region and especially in China.