Clariant and Tiangang celebrate first milestone in new production JV for light & process stabilizers in China

Muttenz, November 21, 2017 – Clariant, a world leader in specialty chemicals, and Tiangang Auxiliary Co., Ltd., a privately owned producer and leading supplier of light stabilizers in China, today kicked-off their new production joint venture with the go-ahead to purchase a site within the Cangzhou National Coastal-Port Economy and Technology Development Zone, Hebei province.

Clariant is a leading supplier of light stabilizer solutions and highly-regarded for its advanced technologies for Plastics & Coatings, such as the innovative HALS technology Hostavin® NOW. Clariant and Tiangang intend to build a world-class production facility for the joint manufacture of process and light stabilizers at the location, to support growing local demand for high-end solutions from the region's expanding industries. Production at the new site is scheduled to come on stream in the first half of 2019. The JV will initially focus on textile-related stabilizers and solutions for the automotive industry.

The assignment of the land for the production plant within the Cangzhou National Coastal-Port Economy & Technology Development Zone was officially confirmed on November 20 by Zhang Guo Dong, Standing Committee Member of Cangzhou Municipal Party Committee of the CPC, Chief Director of the Administrative Committee of Cangzhou Bohai New Area, Li Huafeng, Deputy Secretary of Party Committee, Cangzhou National Coastal-Port Economy and Technology Development Zone, Director of Administrative Committee, and Yu Zengzhou, Deputy Director of Administrative Committee, when meeting with representatives from Clariant and Beijing Tiangang.

Secretary Zhang Guo Dong commented: "With the signing of Clariant's project, Bohai New Area has made another great breakthrough in the introduction of foreign advanced technology. All departments of Bohai New Area are committed to actively providing enterprises with any support they need during the construction of their projects." In addition, Mr. Zhang hopes that the area could explore more opportunities with Clariant based on the existing cooperation so as to introduce more foreign advanced technologies into the area. Zhang is looking forward to completion of the preliminary work and to welcoming Clariant to the area.

Stephan Lynen, Head of Clariant BU Additives, said: "The demand for high-end additives solutions is growing strongly in China. With the merger control clearance successfully confirmed in October, we are pleased to complete this next important step with our trusted partners towards establishing local production that will accelerate response times, shorten supply lead times and deliver tailored solutions to our customers in the growing Asia region, especially in China."

Mr. Gang Liu, Deputy General Manager, Tiangang added: "As a national level chemical park, Cangzhou National Coastal-Port Economy & Technology Development Zone is an ideal location for building a world-class production base for additives, with very good access to necessary raw materials and other support. We are very excited about this new site, and confident that this will be a successful first step in our cooperation with Clariant."

Hostavin® IS A TRADEMARK OF CLARIANT REGISTERED IN MANY COUNTRIES.