Clariant announces sale of Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd
MUTTENZ, Switzerland -- Clariant today announced the sale of its Japanese emulsions manufacturer Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd for a total transaction value of 2.4 billion Yen (approx. 27 million CHF). The transaction marks a further step in Clariant's strategy to sell businesses that are outside its core activities.
Clariant Polymers K.K. is a manufacturer and distributor of liquid and powder emulsions that are used in numerous applications primarily in the construction industry. In the year 2003 the company with a manufacturing plant in Ogaki and R&D laboratories in Shizuoka generated sales of approx. 5 billion Yen (around 56 million CHF). All 110 employees will be transferred to the purchasing company. Already in December 2002 Clariant had sold large parts of its emulsions business to the Celanese Group.
The Nippon Synthetic Chemical Industry Co. Ltd (Nippon Gohsei) - headquartered in Osaka/Japan - is a major chemical company for the manufacture of acetic acid resins, polymers, and electric related materials that end up in various applications in packaging, and electronic products. With around 1'400 employees it generates yearly net sales of more than 70 billion Yen. The purchase of Clariant Polymers K.K. will significantly extend its technology portfolio.
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