SINGAPORE (ICIS)--Clariant has opened a new joint venture facility for process and light stabilisers at Cangzhou in Hebei, China, the Swiss specialty chemicals maker said on Monday.
The facility is jointly owned by Clariant and Beijing Tiangang Auxiliary Co (Tiangang), a privately owned producer and supplier of light stabilizers in China, it said in a statement.
Process and light stabilizers are types of additives used to reduce degradation of plastics which is particularly caused by exposure to light, heat and air.
The new facility is located within the Cangzhou National Coastal-Port Economy & Technology Development Zone.
Details on plant capacity and investments were not disclosed
In Zhejiang province, Clariant is building a new Catofin catalysts production facility in Jiaxing and "considers initiating additional expansions in the near future", it said.
"Combined with other components of its dedicated China strategy, these expansions will enable Clariant to grow its China sales (core business) beyond the current level of Swiss francs (Swfr) 402m ($432m) in 2020, which represents approximately 10% of the group’s continuing operations sales." Clariant added.
($1 = Swfr0.93)