Clariant International Ltd and Zhejiang Baihe Chemical Holding Group today announced the expansion of the Hangzhou Baihe Clariant Pigments Co. LTD joint venture by investing in a world-scale plant for the production of Quinacridone specialty organic pigments. The new plant will be built at the existing joint venture facility located in Hang Zhou City, Zhejiang Province (PRC).
- The expansion of our highly successful Hangzhou Baihe Clariant Pigments Co. LTD joint venture into the production of Quinacridone organic pigments is another move to clearly strengthen our position of market leaders in the field of high-performance organic pigments. With the commissioning of this world-scale plant we will be able to further support the growing demand for high-performance organic pigments and to better serve both our domestic Chinese and global customers - said Okke Koo, Head of Clariant`s Pigments and Additives Division.
Mr. Chen Li Rong, Chairman of the board of Zhejiang Baihe Chemical Holding Group adds: - The partnership between Baihe Chemical and Clariant has been proven very successful. So both parties have agreed to expand our cooperation from high-performance Azo organic pigments to Quinacridone and other high-performance organic pigments. At the same time Clariant will be responsible for marketing Quinacridone and other pigments on a worldwide basis.
Quinacridone organic pigments increasingly find a wide application in high-performance coatings - including architectural, automotive and industrial applications as well as plastics and printing applications.
Hangzhou Baihe Clariant Pigments Co. LTD currently operates a world-scale high-performance Azo organic pigments at the same site.
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Clariant is committed to sustainable growth springing from its own innovative strength. Clariant`s innovative products play a key role in its customers` manufacturing and treatment processes or else add value to their end products. The company`s success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions.
Clariant, which is represented on five continents with over 100 group companies, employs around 21,500 people. Headquartered in Muttenz near Basel, it generated sales of CHF 8.1 billion in 2006.
Clariant`s businesses are organized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches and Functional Chemicals.
The Pigments & Additives Division offers a wide range of high-quality organic pigments, pigment preparations, dyes, and additives for industrial and automotive coatings, decorative paints, printing inks, plastics, and specialized applications, such as cosmetics, detergents, and agro.
High-Performance Pigment Expansion Project in China