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Clariant keeps China as core

Kent Miller | PLASTICS NEWS CHINA

Muttenz, Switzerland-based speciality chemicals behemoth Clariant International Ltd. makes no secret of moving China from the periphery to the heart of its global growth plans.

"By this 'fringe-to-core' strategy, we are confident that we can double our sales in China by 2021," said Christian Kohlpaintner, an executive committee member who has been based in Shanghai since 2016. "The Chinese market is by far the largest chemical market in the world and it is by far the fastest growing market."

Kohlpaintner spoke to the press in Shanghai on the eve of last month's Chinaplas trade show, telling journalists that the company's growth in China continues apace.

Last year, it broke ground on an additives factory in Zhenjiang, near Shanghai, and inked a joint venture pact with Beijing Tiangang Auxiliary Co. Ltd. to build a light- and process-stabilizers factory in Cangzhou, Hebei province.

Production in both Zhenjiang and Cangzhou is expected to start next year.

In March, Clariant China launched a storefront on 1688.com, Alibaba Group's domestic portal for business-to-business.

The company is busy constructing a 24,000 square meter Greater China regional headquarters in Shanghai. Opening is scheduled for 2020.

Last year, Clariant's mainland China sales were 576 million Swiss francs ($577 million), or 9 percent of its 6.377 billion Swiss franc ($6.385 billion) global sales.

Currently, Clariant China has about 1,400 employees at 17 sites around the country. Clariant's worldwide head count is 18,135.

The company projects that China's chemical market is expected to grow 66 percent from 2016 to 2021, to $537 billion.

 

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