Clariant AG: Clariant intends to acquire Indian masterbatch producer
Clariant AG /
Clariant AG: Clariant intends to acquire Indian masterbatch producer
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* Clariant Chemicals (India) Limited intends to acquire Plastichemix
Industries
* Synergies in product portfolio and customer base to boost masterbatch
business
Muttenz, December 16, 2013 - Clariant, a world leader in specialty chemicals,
today announced the intention to acquire Plastichemix Industries, a masterbatch
business in India, located in Vadodara with production facilities in Rania,
Kalol and Nandesari in Gujarat (India). Plastichemix Industries is a leading
supplier of black, white, filler and colour masterbatches, additive
masterbatches, flushed pigments and mono-concentrates as well as engineering
plastics compounds.
With this acquisition, Clariant Chemicals (India) Limited (CCIL) gains a leading
position in the masterbatches business in India. The deal enables the company to
offer a strong and extensive product portfolio with customized products and
solutions and to expand its customer base significantly. As part of the future
business approach an upgraded Technical Service Laboratory will be introduced to
offer the market highly innovative and customized products.
"This acquisition is part of our global strategy to explore business
opportunities in our Masterbatches business and to focus on emerging markets
like India. The strong growth perspective of the plastics industry results in a
bright future for the masterbatches business in India", says Hariolf Kottmann,
CEO of Clariant.
Hans Bohnen, Head of Clariant's Business Unit (BU) Masterbatches, explains:
"Clariant and Plastichemix Industries have a complementary product portfolio
that will enable us to cater to a larger customer base. This synergy will help
us to develop our business. We aspire to double our sales in the next five
years. The global set-up of the BU Masterbatches will allow the exports of
Plastichemix Industries to grow even stronger and to give products like highly
loaded and very well dispersed single pigment concentrates a global platform."
Clariant's BU Masterbatches, with more than 50 manufacturing plants around the
world, is a recognized global leader in color and additive concentrates and
performance solutions for plastics.
Corporate Media Relations Investor Relations
Kai Rolker Ulrich Steiner
Phone +41 61 469 63 63 Phone +41 61 469 67 45
kai.rolker@clariant.com ulrich.steiner@clariant.com
Stefanie Nehlsen Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49
stefanie.nehlsen@clariant.com siegfried.schwirzer@clariant.com
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz
near Basel/Switzerland. On December 31, 2012 the company employed a total
workforce of 21,202. In the financial year 2012, Clariant recorded sales of
CHF 6.038 billion for its continuing businesses. The company reports in four
business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and
Plastics & Coatings. Clariant's corporate strategy is based on four pillars:
managing businesses for profitability, research & development and innovation,
growth in emerging markets, and repositioning of the portfolio.
Press Release English:
http://hugin.info/100166/R/1750204/589692.pdf
Press Release Deutsch:
http://hugin.info/100166/R/1750204/589691.pdf
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Source: Clariant AG via GlobeNewswire
[HUG#1750204]
