CLARIANT AG Clariant AG / Clariant AG: Clariant performs groundbreaking for new Healthcare Packaging plant in India . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
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Muttenz, January 20, 2016 - Clariant, a world leader in specialty chemicals, performed the groundbreaking ceremony of a new manufacturing plant in Cuddalore, for moisture-control products, intended for the pharma industry. In December 2015, Clariant had announced plans to invest CHF 10 million in this Healthcare Packaging plant, that will support the growing generic pharmaceutical industry in India. The investment will be implemented through its wholly owned subsidiary in India.
"The new Healthcare Packaging manufacturing plant here in Cuddalore is another important step within our strategy to intensify growth and increase our market share in the emerging India region by rapidly addressing customer needs," said Christian Kohlpaintner, member of the Clariant Executive Committee
The new plant will initially produce desiccant canisters and packets, which are inserted into pharmaceutical packaging to control moisture and protect the stability of the medicine during shelf life. The desiccant production area will be Clean Room Class 100,000 and certified ISO 8. It will be compliant with all relevant cGMP and US FDA standards.
"With this new plant, we are responding to our customers' growing demand for high-quality desiccants. This facility will enable us to expand current capacities and provide easy access to potential as well as existing customers in the pharma packaging segment in the India region," said Deepak Parikh, Clariant Region President India.
"This new facility will be integrated into our global Healthcare Packaging manufacturing infrastructure, allowing us to support strong regional demand, and at the same time strengthening our position as the global leader in this segment," added Ketan Premani, Head Clariant Healthcare Packaging Sales.
With ten production sites in Gujarat, Maharashtra, Madhya Pradesh and Tamil Nadu and a state-of-the-art Regional Innovation Center in Mumbai, Clariant's new greenfield plant in Cuddalore will further reinforce its commitment to Make in India and Sell in India. The plant is slated for inauguration in 2017.
Caption (from L-R): Deepak Parikh, Region President India, Christian Kohlpaintner, Member of Clariant's Executive Committee, along with Marco Cenisio, Business Unit Head Masterbatches, and Ketan Premani, Head Clariant Healthcare Packaging Sales, India, performed the groundbreaking ceremony
| Corporate Media Relations | Investor Relations |
| Carsten Seum Phone +41 61 469 63 63 carsten.seum@clariant.com | Anja Pomrehn Phone +41 61 469 6745 anja.pomrehn@clariant.com |
| Claudia Kamensky Phone +41 61 469 63 63 claudia.kamensky@clariant.com | Siegfried Schwirzer Phone +41 61 469 67 49 siegfried.schwirzer@clariant.com |
| Regional media relations | |
| Philips Abraham Phone +91 22 2531 54 16 philips.abraham@clariant.com |
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2014 the company employed a total workforce of 17 003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.
www.clariant.com/healthpack
Clariant Healthcare Packaging is dedicated to enhancing and protecting healthcare products by providing a full portfolio of controlled atmosphere packaging solutions that protect products from degradation and help maintain stability and integrity throughout shelf life. With a global production network and innovative product development, its products include desiccants, oxygen scavengers, active container-closure systems and multilayer barrier packaging.
Press release and photography can be downloaded from www.clariant.com or www.PressReleaseFinder.com.
http://hugin.info/100166/R/1980167/725376.pdf
Media Release English:
http://hugin.info/100166/R/1980167/725375.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via Globenewswire
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Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
