Tiangang and Clariant Jointly Produce High-End Polymer Additives in China

Tiangang and Clariant Join Hands
Committed to Producing High-End Polymer Additives in China
 
Beijing, September 13, 2017—Beijing Tiangang Auxiliary Co., Ltd. announced the signing of a joint-venture contract with Clariant, a world-leading fine-chemical and additive company, effective upon completion of anti-monopoly review. The two parties will invest several million Swiss francs to build a world-class production facility in China to serve the growing market for polymer stabilizers and light stabilizers, including applications in textiles and automotive. The new production base is planned in the national-level Cangzhou Lingang Economic and Technological Development Zone and will produce high-end polymer additives for both parties to meet growing market demand.
 
“Since its founding in 1991, Tiangang Auxiliary has focused on the R&D and production of weathering light-stabilizer additives for polymer materials and has become a trusted supplier in this field. By partnering with Clariant—an innovative world leader in additives—we look forward to combining both companies' rich technological and production experience to provide the polymer industry with world-class, best-value solutions and products,” commented Liu Gang, Vice General Manager of Tiangang.
 
“The cooperation with Tiangang is another successful move for Clariant to strengthen its position in the Chinese market, giving us broader local coverage in the growing Asian region, especially China, and a stronger market position through Clariant's innovative solutions,” said Christian Kohlpainter, member of Clariant's Executive Committee (based in China): “In addition, cooperating with a leading Chinese company like Tiangang helps us exchange best practices and valuable market insights, providing our customers with more tailor-made solutions.”
 
Stephan Lynen of Clariant's Additives business unit, speaking about the JV, said: “The high-end additives market in Asia is growing strongly, and the plant we are building with Tiangang greatly enhances our ability to serve this market. The complete local production facility and trustworthy partner will strengthen our ties with customers and raw-material suppliers, speed up our service response and shorten delivery times.”
 
Beyond the recently announced Clariant JV, Tiangang is increasing investment in innovation. For example, in early 2017 it announced an equity stake in Beijing Tenak New Materials Co., Ltd., which holds exclusive core independent intellectual property in targeted nano-enhancement technology, and will gradually introduce that company's series of world-leading original high-tech products into the polymer materials market of fibers, films and modified plastics, providing special effects such as targeted toughening, strengthening, antimold and antistatic performance, and in-situ coloring.
 
Beijing Tiangang Auxiliary Co., Ltd. is a leading enterprise in China's light-stabilizer products, founded in 1991 and long focused on weathering anti-aging technology for polymer materials and the production of related additives. With production bases in Beijing's Daxing District and Gu'an County, Langfang City, Hebei Province—covering 100 mu and 150 mu respectively—it is a national-level high-tech enterprise and vice-chairman unit of the China Plastics Processing Association. Tiangang has an R&D center and weathering-resistance technology center in Beijing, awarded the titles of "Beijing Municipal Enterprise Technical Center" and "China Plastics Products Weathering Technology Laboratory", and has won the Ministry of Education's First Prize for Scientific and Technological Progress, able to assist customers with comprehensive weathering-related R&D evaluation and testing.
 
Clariant is a world-leading specialty chemicals company headquartered in Muttenz near Basel. As of December 31, 2016, it had about 17,442 employees. In fiscal 2016, continuing operations generated sales of CHF 5.847 billion. The company reports in four business areas: Care Chemicals, Catalysts, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is built on five strategic pillars: fostering innovation and R&D, adding value through sustainability, repositioning the portfolio, strengthening growth and improving profitability.