Clariant, Wilmar Get Clearance For Global Amines Joint Venture

ZURICH -- Clariant AG (CLN.VX) said Monday it and Wilmar International Limited (WLMIY) received the relevant merger clearances for the establishment of their 50-50 joint venture called "the global amines company", which is now in operation.

MAIN FACTS:

- The global amines company will be the global 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.

- Leveraging on the global reach and the individual strengths of Wilmar and Clariant, the global amines company will seek significant growth opportunities - in particular, in the markets of Industrial Care, Home Care and Personal Care.

-Zurich Bureau, Dow Jones Newswires, [phone]; [e-mail]

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