Clariant has announced its intent to acquire Plastichemix Industries, a masterbatch business in India. Plastichemix is a leading supplier of black, white, filler and color masterbatches, additive masterbatches, flushed pigments and mono-concentrates as well as engineering plastics compounds. It is located in Vadodara, and has production facilities in Rania, Kalol and Nandesari in Gujarat (India).
"This acquisition is part of our global strategy to explore business opportunities in our Masterbatches business and to focus on emerging markets like India,” said Hariolf Kottmann, CEO, Clariant. “The strong growth perspective of the plastics industry results in a bright future for the masterbatches business in India.”
“Clariant and Plastichemix Industries have a complementary product portfolio that will enable us to cater to a larger customer base,” Hans Bohnen, head of Clariant’s Business Unit (BU) Masterbatches, noted. “This synergy will help us to develop our business. We aspire to double our sales in the next five years. The global set-up of the BU Masterbatches will allow the exports of Plastichemix Industries to grow even stronger and to give products like highly loaded and very well dispersed single pigment concentrates a global platform.”