The multi-million CHF investment of Clariant’s Performance Additives business and Tiangang “will establish a world-class production facility in China to meet the growing local demand for process and light stabilizer additives in various growing industries such as textiles or automotive,” according to Clariant.
“The partnership with Tiangang is another successful step toward strengthening Clariant’s position in China,” said Christian Kohlpaintner, Clariant’s executive committee member residing in China. “It provides us with a stronger local footprint to better position our innovative solutions in the growing Asia region, especially in China. Furthermore, by cooperating with a leading Chinese company like Tiangang, we can exchange best practices and valuable market insights in order to deliver ever-more tailored solutions to our customers.”
Per Clariant, China is one of the key markets for high-end process and light stabilizers, which include the state-of-the-art Nylostab S-EED chemistry, invented by Clariant. To support the growing demand of customers in China, Clariant and Tiangang said they will jointly manufacture process and light stabilizers and plan to install a new production site in the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province. Production is scheduled to come on stream in the first half of 2019, according to Clariant. The JV also plans to expand its offering of solutions for the automotive industry in the future, Clariant noted.
“The production joint venture with Tiangang significantly strengthens our ability to serve the strongly growing demand for high-end additives solutions in Asia,” said Stephan Lynen, head of Clariant BU Additives. “Having local production with a well established and trusted partner improves proximity to our customers and to our raw material suppliers. This will enable us to accelerate response times and shorten supply lead times.”
Added Tiangang VP, Gang Liu: “...Tiangang has been a trusted supplier for the polymer industry with a complete range of light stabilizer products and solutions. By partnering with Clariant, a world-leading innovative pioneer in additives development, we look forward to combining the rich technology and production knowledge of both companies to provide the best value-adding solutions and products to the polymer industry with world-class quality and services.”