Clariant Chemicals acquired Lanxess Indiaâ€™s Black Pigment Preparations Portfolio
Published By : 03 Apr 2015 | Published By : QYRESEARCH
Lanxess India’s carbon black pigment preparations portfolio was acquired by Clariant, the Swiss company specializing in chemicals. Black pigment preparations are applied in the viscose fibre processing which are used to make various viscose-based products. This deal will help Clariant to increase its capacity in pigment preparation and expand its customer base in India.
The deal was signed in the presence of vice chairman and managing director of Clariant Chemicals (India) Ltd, Dr Deepak Parikh, regional director- marketing and sales (pigments) of Clariant Chemicals (India) Ltd, Mr Sambit Roy, and managing director and country representative of LANXESS India, Dr Jacques Perez.
In 2009, LANXESS had acquired the carbon black dispersion plant at Nagda, Madhya Pradesh. The plant was originally started by Gwalior Chemicals, in 1993. Dr Perez, managing director and country representative of LANXESS India, mentioned that the deal reflects the company’s aim to expand its production networks and improve its competitiveness at the global level.
Clariant has been expanding its business in India through optimizing organic resource and working on inorganic value opportunities. In India, Clariant’s operations focused on pigment preparation business and this deal will help in spreading its distribution networks across the country. At present, Clariant has its black pigment production sites at Roha, Maharashtra and Cuddalore, Tamilnadu. To grow its business in India, Clariant expanded its operations at the Roha site. Mr Sambit Roy, regional director- marketing and sales (pigments), stressed on Clariant’s commitment to deliver high quality products to its customer base through upgraded technology.