Clariant positions itself for additional strong growth in China
Clariant announced today the opening of a new production plant for textile and leather chemicals in Tianjin, China. The new facility, which was completed in the space of only 14 months, represents an investment of CHF 4.5 million.
The production capacity of the new facility is about 6,000 tons per annum. The rapid growth expected in this key market can be met by a minor additional investment that would double the plant's capacity.
With the progressive opening-up of markets and the liberalization of trade in the wake of China's entry in the WTO, Clariant anticipates a dramatic growth on the Chinese market. The reduction of export customs tariffs and trade quotas means that international textile manufacturers are increasingly shifting their production to China. Similar trends are being seen in the toy industry, in household goods and in electronics.
Clariant was quick to identify this trend and as far back as 1996 initiated joint ventures and started building its own production facilities. To date, Clariant has made investments totaling about CHF 150 million in the Greater China Region. With a total of six production sites and about 1,000 employees in the Textile, Leather and Paper Chemicals, Pigments & Additives, and Masterbatches Divisions, Clariant is well equipped to build on its leading role in the booming Chinese market.
Other news from the department business & finance
