Swiss multinational speciality chemicals company Clariant has opened a new production facility for process and light stabilisers in Cangzhou, China. Located within the Cangzhou National Coastal-Port Economy & Technology Development Zone, it is jointly owned by Clariant and China-based Tiangang, a manufacturer of ultraviolet light stabilisers.
The facility forms the centrepiece of the joint venture partnership between the two companies, which was established in September 2017. Through the opening, both companies aim to meet the growing demand for high-end process and light stabilisers in China from local growth industries such as automotive, textiles and coatings.
In addition to the Cangzhou factory, the company opened its 24,000m² One Clariant Campus in Shanghai in March 2021 as well as announcing plans to build a production facility in Jiaxing in September 2020. China is a key growth market for Clariant, and it is considering additional expansions in the country in the near future.
Clariant’s sales in China amounted to SFr402m ($435m) in 2020, representing approximately 10% of the group’s continuing operations sales.