CLARIANT
Investment to grow China revenues / Flame retardant plant to start up in 2023
 This is what it is expected to look like after the expansion: computer model of the Huizhou site (Fig.: Clariant) |
Swiss speciality chemicals producer Clariant (Muttenz / Switzerland; www.clariant.com) is spending CHF 60m (EUR 58m) to create a facility to manufacture its “Exolit OP” flame retardants in China. The new plant, located at an existing Clariant production site in Daya Bay, Huizhou, in the Chinese province of Guangdong, is expected to start producing Exolit OP flame retardants sometime in 2023.
The firm said the investment was in line with others it had made in China, including the recently completed One Clariant Campus in Shanghai (see Plasteurope.com of 19.04.2021) and the new Catofin Catalysts facility in Jiaxing, which is expected to come online in 2022.
Clariant said it expected its investment strategy would result in its China revenue growing to 14% of overall sales by 2025, up from 10% in 2020. To this end, 35% of investment funds are flowing into China.
The firm said the investment was in line with others it had made in China, including the recently completed One Clariant Campus in Shanghai (see Plasteurope.com of 19.04.2021) and the new Catofin Catalysts facility in Jiaxing, which is expected to come online in 2022.
Clariant said it expected its investment strategy would result in its China revenue growing to 14% of overall sales by 2025, up from 10% in 2020. To this end, 35% of investment funds are flowing into China.
23.12.2021 Plasteurope.com [249306-0]
Published on 23.12.2021
German version of this article...