Clariant vows investment for expansion in country

Clariant, a Swiss specialty chemical company, is bullish about its market growth in China and vows to further expand its footprint in the country in the years to come, said a top company executive.

The company announced on Oct 12 the opening of its new production facility for halogen-free flame retardants in Daya Bay off Huizhou, Guangdong province, with an investment of 60 million Swiss francs ($67 million) as part of its efforts to further facilitate the company's expansion in China with more chemical manufacturing facilities.

The project is expected to support the rapidly growing demand from China and other Asian nations for innovative and sustainable fire protection in transportation, 5G communications, infrastructure and appliances, it said.