The companies have formed a joint venture to create a global amines company
Swiss specialty chemicals supplier Clariant and Asian agribusiness group Wilmar International have received merger clearances for the establishment of their joint venture to create a global amines company. Already in operation, the company will become a global platform for the production and sales of fatty amines and selected amines derivatives.
Amines come from fatty acids and fatty alcohols obtained from renewable raw materials, and have a range of uses in the markets of industrial care, home care and personal care.
Although headquartered in Singapore, the joint venture will have its own production capacities for amines in Germany and China, contributed by Clariant and Wilmar, as well as access to amines capacities in Brazil and Mexico.
“The combination of Wilmar’s integrated agribusiness model based on renewable materials and its strong position in oleochemicals, with Clariant’s technical experience and market presence in the downstream amines and derivative sector, will position the global amines company as the first fully integrated and competitive player along the value chain of amines,” said Stephan Lynen, General Manager of the new global amines company.