Clariant and Saudi Kayan to evaluate alkoxylates joint venture
2018年12月20日 - 2:00PM
Clariant AG / Clariant and Saudi Kayan to evaluate alkoxylates
joint venture . Processed and transmitted by West Corporation. The
issuer is solely responsible for the content of this
announcement.
Muttenz, December 20, 2018 - Clariant, a world
leader in specialty chemicals, today announced that it has signed a
Memorandum of Understanding (MoU) with Saudi Kayan, a Saudi joint
stock company leading in the field of chemicals, polymers and
specialty products.
As defined by the MoU, both parties have agreed to
evaluate the formation of a joint venture with the aim of
establishing a manufacturing facility for alkoxylates. This
facility is planned to combine Clariant's alkoxylates production
technology with Saudi Kayan's raw materials and would therefore be
based within Saudi Kayan's Petrochemical Company complex in Jubail
Industrial City, Saudi Arabia.
Alkoxylates are a downstream product of ethylene
oxide and are used in a variety of specialty applications in
Clariant's home care, personal care and industrial applications
segments.
Saudi Kayan is an affiliate of Saudi Basic
Industries Corporation (SABIC). SABIC is also Clariant's largest
strategic anchor shareholder with a 24.99% stake. This MoU between
Clariant and Saudi Kayan is a part of the further evaluation of
additional collaborative businesses opportunities between Clariant
and SABIC, as previously communicated by both parties.
Corporate Media Relations |
Investor Relations |
Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com |
Anja Pomrehn
Phone +41 61 469 63 73
anja.pomrehn@clariant.com |
Claudia Kamensky
Phone +41 61 469 63 63
claudia.kamensky@clariant.com |
Maria Ivek
Phone +41 61 469 63 73
maria.ivek@clariant.com |
Thijs Bouwens
Phone +41 61 469 63 63
thijs.bouwens@clariant.com |
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www.clariant.com
Clariant is a globally leading specialty chemicals company, based
in Muttenz near Basel/Switzerland. On 31 December 2017 the company
employed a total workforce of 18 135. In the financial year
2017, Clariant recorded sales of CHF 6.377 billion for its
continuing businesses. The company reports in four business areas:
Care Chemicals, Catalysis, Natural Resources, and Plastics &
Coatings. Clariant's corporate strategy is based on five pillars:
focus on innovation and R&D, add value with sustainability,
reposition portfolio, intensify growth, and increase
profitability. |
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Source: Clariant AG via Globenewswire
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