Clariant and Wilmar Receive Merger Clearance for the Establishment of the Joint Venture for Global Amines
- 50-50 joint venture for amines and amines derivatives
- Headquartered in Singapore
Muttenz/Singapore, July 08, 2013 – Clariant International Ltd, a world leader in Specialty Chemicals, and Wilmar International Limited, a leading Asian agribusiness group, have received the relevant merger clearances for the establishment of their 50-50 joint venture called “the global amines company”, which is now in operation.
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.
The joint venture has its own production capacities for amines in Germany and China, contributed by Clariant and Wilmar respectively, as well as access to amines capacities in Brazil and Mexico. For amine derivatives, the global amines company has access to around a dozen Multi-Purpose-Plants of Clariant all around the globe. 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.
“The combination of Wilmar’s integrated agribusiness model based on renewable materials and its strong position in oleochemicals with Clariant’s technical experience and market presence in the downstream amines and derivative sector will position the global amines company as the first fully integrated and competitive player along the value chain of amines,” states Stephan Lynen, General Manager of the global amines company.
Leveraging on their track record of technical and commercial reliability, both partners are dedicated to position the global amines company as a new leading player in the amines and amine derivatives market.
