Merger clearance for Clariant and Wilmar for joint venture of global Amines
Swiss internationally operating Clariant, according to in-house information a world leader in specialty chemicals and Wilmar International Ltd., a leading Asian agribusiness group, have received the relevant merger clearances for the establishment of their 50:50 joint venture named “the global amines company” which is now to become operative
The global amines company will be the global platform fro production and sales of fatty amines and selected amines derivatives. The joint venture will be headquartered in Singapore, with global sales, distribution and production affiliates.
The joint venture has its own production capacities for amines in Germany and China, contribguted by Clariant and Wilmar respectively, as well as access to amines capacities in Brazil and Mexico. For amine derivatives, the new company will have access to around a dozen multi-purpose plants of Clariant worldwide. Leveraging on the global reach, and the individual strengths of Wilmar and Clariant, the global amines company will seek significant growth opportunities, in particular in the markets of Industrial care, Home Care and Personal Care. Both joint venture partners enjoy a record of technical and commercial reliability and are dedicated to position the new joint venture as a new leading player in the amines and amine derivatives market.