MRC -- Clariant formally launched its state-of-the-art manufacturing site for halogen-free flame retardants in Daya Bay, Huizhou, China, said the company.
The USD67 M investment into the site's first manufacturing line will offer domestic customers with access to new and sustainable Exolit OP flame retardants and associated technical knowhow to back the significant increase of engineering plastics uses in the electrical & electronics and e-mobility segments. A second line is being constructed and predicted to come online in 2024, representing another investment worth USD44 M.
The new facility will manufacture the company's international series of patent-protected organo-phosphorus flame retardants and supports the capacity of the firm's two Exolit OP sites in Knapsack, Germany. The team at the One Clariant Campus in Shanghai will back customers in co-development and in-application evaluation.
The site is run by 100 workers and is situated within the Huizhou Daya Bay Economic and Technological Development Zone (Daya Bay Chem Park) in Guangdong Province. The Daya Bay site of Clariant uses green electricity, allowing a significant decrease in Scope 2 (CO2) emissions.
We remind, Clariant posted a 28% decrease on earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter amid lower prices and volumes. Clariant expects to see an easing inflationary environment, but no economic recovery in the final three months of 2023, with macroeconomic uncertainties and risks remaining. Despite that, Clariant confirms its sales guidance for the full year 2023 of Swfr4.55bn–4.65bn, it said.