ZURICH -- Clariant AG (CLN.VX) said Monday it and Wilmar
International Limited (WLMIY) received the relevant merger
clearances for the establishment of their 50-50 joint venture
called "the global amines company", which is now in operation.
MAIN FACTS:
- 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.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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