Clariant has taken what exective chairman Hariold Kottmann (above) called “another significant step towards becoming a pure-play speciality chemical company”, by completing the sale of its Masterbatches business to PolyOne on 1 July. It expects to divest the Pigments business shortly, after which it will make with an extraordinary cash distribution of CHF 3.00/share to its shareholders.
Clariant is expanding its capabilities for the Hostapon SCI brand of isethionate derivatives at its site in Mount Holly, US, and Tarragona, Spain. This will comprise both capacity increases and modernisation via optimised energy consumption and aggregate options for new SI grades. It should come onstream during Q1 2021.
The news is entirely dominated by the coronavirus pandemic. Here, we summaries some of the key developments in the fine and speciality chemicals industry so far in April
Multiple companies are turning spare capacity over or building new capacity to supply hand sanitiser. Leading the way is Ineos, which had already built three such plants in the UK, France and Germany and has now announced plans to build a fourth at Etian, France, to serve hospitals in Paris, north-eastern France and Belgium.
Three major players in speciality chemicals have opened or announced plans for technology centres focused on consumer or personal care in the past month. Clariant and Brenntag will both have new ones located on the US East Coast, while Croda has opened two separate, focused locations in France and Singapore.