Clariant Chemicals (India) Ltd. Board Proposes Relocation of Masterbatches Plant

Mumbai, India, 20 September 2013 – The Board of Directors of Clariant Chemicals (India) Ltd (CCIL) today approved the proposal to relocate the Masterbatches plant of the company from Kolshet in Thane to Renaissance Industrial and Warehousing Complex situated at village Vashere, Taluka Bhiwandi, District Thane in Maharashtra, India. “This move will help Clariant in India further improve its market presence and strengthen its position in India. The new plant will be operationally effective from December 2013,” stated Dr. Deepak Parikh, Vice- Chairman & Managing Director, Clariant Chemicals (India) Limited.

“The rationale behind this move is to primarily expand production capacities and build a fully refurbished and modern production unit under one roof. The new facility will be instrumental in Clariant’s efforts to introduce latest technologies and systems to its customers at an even quicker pace than before and generate value with cutting-edge innovations and highly customised local solutions through global best practices,” explained Mr. Sandeep Puri, Head of Masterbatches business in India.