08 July 2013 07:45 [Source: ICIS news]
SINGAPORE (ICIS)--Clariant International and Singapore-listed agribusiness group Wilmar International have secured regulatory clearances to set up their global amines joint venture headquartered in Singapore, the Swiss specialty chemicals firm said on Monday.
Their 50:50 global amines joint venture is now in operation, Clariant said in a statement.
“The global amines company will be the global platform for production and sales of fatty amines and selected amines derivatives. The joint venture will be headquartered in Singapore with global sales, distribution and production affiliates,” it said.
The joint venture has its own amines production in Germany and China, as well as acces to amine capacitities in Brazil and Mexico, Clariant said.
For amine derivatives, the joint venture firm has access to around a dozen multi-purpose-plants of Clariant globally.
“Leveraging on the global reach and the individual strengths of Wilmar and Clariant, the global amines company will seek significant growth opportunities – in particular, in the markets of industrial care, home care and personal care,” it added.
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