Clariant and Wilmar Merge to Form Global Amines Company
28 August 2013 Clariant International Ltd and Wilmar International Limited have received the relevant merger clearances for the establishment of their 50-50 joint venture called “the global amines company,” which is now in operation.
The global amines company will be the platform for production and sales of fatty amines and selected amines derivatives. The joint venture will be headquartered in Singapore with global sales, distribution and production affiliates.
The joint venture has its own production capacities for amines in Germany and China, contributed by Clariant and Wilmar respectively, as well as access to amines capacities in Brazil and Mexico. For amine derivatives, the global amines company has access to around a dozen Multi-Purpose-Plants of Clariant all around the globe.
Stephan Lynen, general manager of the global amines company, said, “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.”
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