Only on Che.com :: Latest News
July 8, 2013
Clariant and Wilmar receive clearance to establish JV
Clariant International Ltd. (Muttenz, Switzerland; www.clariant.com)
, a specialty chemicals producer, and Wilmar International Ltd., an Asian agribusiness group, have received the relevant merger clearances for the establishment of their 50-50 joint venture (JV) called “the global amines company”, which is now in operation.
The global amines company will be the global platform for production and sales of fatty amines and selected amines derivatives. The JV will be headquartered in Singapore, with global sales, distribution and production affiliates.
The JV 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.