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Clariant Acquires Jiangsu Multicolor's Organic Pigment Business

As part of this project, Clariant will build a world scale Pigment PV23 plant in Zhenjiang, Jiangsu Province, PRC.

Clariant, a world leader in specialty chemicals, recently acquired the Organic Pigment business of Jiangsu Multicolor Fine Chemical Co., Ltd (JMC) based in Jiangsu Province, PRC. JMC is a leading supplier of several types of high-performance pigments and pigment preparations in China.

The Organic Pigment business of Jiangsu Multicolor Fine Chemical Co., Ltd recorded sales of RMB 210 million (approximately CHF 30 million). Th unit manufactures and markets pigments and pigment preparations mainly for customers in coatings, plastics and printing inks in the domestic and export markets.

Additionally, as part of this project, Clariant will build a world scale Pigment PV23 plant in Zhenjiang, Jiangsu Province, PRC. The plant will be designed to ensure highest yields, lowest cost and the highest efficiency in terms of sustainable operations and full compliance with local and international regulatory standards.

The bolt-on acquisition and the subsequent investment in a new plant allows Clariant to expand its pigments and pigment preparation activities in China in order to have better access to customers in the region and especially in China. The new plant, together with the other facilities in its manufacturing network, reinforces Clariant’s ongoing commitment to fulfil the growing demand of customers in coatings, plastics, printing inks and other applications for high-quality products and solutions.

View the full release online.

 

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This article is featured in:
Coating Systems & Equipment  •  Decorative  •  Industrial and Protective Coatings  •  Industry Trends & Happenings

 

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