Joint Venture Announcement
Clariant, a specialty chemical company, has announced a strategic joint venture with FUHUA to develop innovative non-halogenated flame retardants. The new facility will be located in Leshan, Sichuan Province, and aims to produce phosphorus-based flame retardants for industries such as building, construction, automotive, and electronics. This initiative is pending approval from relevant authorities.
Investment and Expansion
As part of its expansion strategy in China, Clariant is investing CHF 100 million to enhance its Daya Bay facility. Additionally, a new Nylostabâ„¢ S-EED production line will be established in Cangzhou, further strengthening Clariant's market position in the region.
Regulatory Compliance
The joint venture addresses the increasing regulatory requirements for flame retardants across various sectors. By focusing on non-halogenated solutions, Clariant and FUHUA aim to meet the tightening technical and regulatory standards.
