(Photo: Nanfang Plus)

Clariant recently announced that it would construct its first Chinese production facility for its successful Exolit OP flame retardants at its existing site in Daya Bay, Huizhou, Guangdong Province.

Clariant is a Swiss multinational specialty chemicals company with worldwide influence. According to the announcement, driven by the fast-growing electrical and electronic equipment industries, particularly e-mobility, 5G communications technology, and transportation, Clariant decided to invest CHF 60 million (about 400 million yuan) to expand the production of flame retardants. It aims to better serve China's fast-growing market and other Asian markets, stated a Clariant spokesperson.

Clariant's facility in Daya Bay is hosting an ethoxylation plant for the local pharmaceutical, personal care, home care, and industrial application customers within the Business Area Care Chemicals. This new $65 million investment is also underpinned by the company's strategic growth, such as the newly completed One Clariant Campus in Shanghai, the recent joint production facility with Tiangang in Cangzhou, and the Catofin? Catalysts facility in Jiaxing.

By allocating approximately 35% of growth capital expenditure to China, the sales share for the Clariant Group is expected to grow to around 14% by 2025 versus a 10% contribution from China in the full year 2020.

Reporter: Nan

Editor: Olivia, Jerry