ZURICH--Clariant AG (CLN.VX) Friday said it and Wilmar
International Limited, an Asian agribusiness group, have signed an
agreement to establish a 50-50 joint venture as the global platform
for production and sales of amines and selected amines
derivatives.
MAIN FACTS:
- The joint venture will be headquartered in Singapore with
global sales, distribution and production affiliates.
- Subject to receipt of regulatory approvals, including merger
clearances, the joint venture is expected to be operational in
spring of 2013.
- Clariant will contribute its Industrial & Consumer
Specialties (ICS) Business Unit's sales activities of relevant
amines and defined derivatives to the joint venture as well as its
amines plant in Germany and production output from its amines plant
in Brazil.
- Headquartered in Muttenz, Switzerland, ICS has the highest
sales volume in the Clariant Group and is one of the largest
providers of specialty chemicals and application solutions for
consumer care and industrial markets.
- Wilmar will contribute a new plant in China as well as its
oleochemical expertise, including access to renewable raw
materials.
- Wilmar is among the world's largest processors and
merchandisers of palm and lauric oils.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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