19 December 2006 – Ciba Specialty Chemicals has reached an agreement with Chinese authorities to invest in a new facility in Qingdao to produce a range of pigments and additives.
The investment will complement both Ciba’s research and development activities in Shanghai and pigment production at its existing plant in Qingdao, according to the company. The plant will also serve as a regional base for Ciba’s coating effects business.
Production at the new site located in the Qingdao International Airport Industry Park is to commence by early 2008.
“We are expanding our capacity in high performance products with a new site in China, where our customers are increasingly moving their own operations,” said Hermann Angerer, Ciba global segment head of coating effects. “This investment will strengthen our position in Asia in line with fast-growing demand in the transportation, plastic and construction industries and will turn Qingdao into a key supply point in our global production network.”
Headquartered in Basel, Switzerland, Ciba recently announced the sale of its masterbatch business to Clariant (see PRW.com 4 October 2006).
