Citation
(2005), "Clariant announces sale of Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd", Pigment & Resin Technology, Vol. 34 No. 2. https://doi.org/10.1108/prt.2005.12934bab.023
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited
Clariant announces sale of Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd
Clariant announces sale of Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd
Clariant announced the sale of its Japanese emulsions manufacturer Clariant Polymers K.K. to The Nippon Synthetic Chemical Industry Co. Ltd for a total transaction value of 2.4 billion JPY (approximately 18 million EUR). The transaction marks a further step in Clariant's strategy to sell businesses that are outside its core activities.
Clariant Polymers K.K. is a manufacturer and distributor of liquid and powder emulsions that are used in numerous applications primarily in the construction industry. In the year 2003 the company with a manufacturing plant in Ogaki and R&D laboratories in Shizuoka generated sales of approximately 5 billion Yen (around 37 million EUR). All 110 employees will be transferred to the purchasing company. Already in December 2002 Clariant had sold large parts of its emulsions business to the Celanese Group.