Clariant has it announced that it plans to acquire Plastichemix Industries, a masterbatch business in India. Plastichemix is a supplier of black, white, filler and colour masterbatches, additive masterbatches, flushed pigments and mono-concentrates as well as engineering plastics compounds. The group has facilities in Vadodara with production facilities in Rania, Kalol and Nandesari in Gujarat.
The group’s Indian division, Clariant Chemicals (India) Limited (CCIL) will gain access to new territories with the acquisition, expanding its customer base significantly.
The group also announced that a new Technical Service Laboratory will be opened to develop customised products.
“This acquisition is part of our global strategy to explore business opportunities in our Masterbatches business and to focus on emerging markets like India. The strong growth perspective of the plastics industry results in a bright future for the masterbatches business in India”, said Hariolf Kottmann, CEO of Clariant.
Hans Bohnen, Head of Clariant’s Business Unit (BU) Masterbatches, said: “Clariant and Plastichemix Industries have a complementary product portfolio that will enable us to cater to a larger customer base. This synergy will help us to develop our business. We aspire to double our sales in the next five years. The global set-up of the BU Masterbatches will allow the exports of Plastichemix Industries to grow even stronger and to give products like highly loaded and very well dispersed single pigment concentrates a global platform.”
Clariant's masterbatch business has more than 50 manufacturing plants around the world, supplying colour and additive concentrates for plastics.