Ciba Specialty Chemicals expands investment in Qingdao

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2006-12-18 News Release

Ciba Specialty Chemicals expands investment in Qingdao

More expansion in China by Ciba Specialty Chemicals with a major investment to construct a plant for high performance pigments.

The production plant will manufacture high performance pigments and additives and will serve as a regional base for Ciba’s coating effects business. Production will start in early 2008.

Find Information and Suppliers of high performance pigments.

“We are expanding our capacity in high performance products with a new site in China, where our customers are increasingly moving their own operations,” says Hermann Angerer, Global Segment Head of Coating Effects at Ciba Specialty Chemicals. “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.”

Ciba Specialty Chemicals expands investment in Qingdao, China

Ciba Specialty Chemicals signed an agreement with local authorities in Qingdao, China, to invest in a new plant that will significantly expand its production network in Asia. Click Go for larger image. photo: Ciba

The new site, located in the Qingdao International Airport Industry Park, will be built in a greenfield approach with infrastructure and equipment that meet Ciba Specialty Chemicals’ high global standards of quality and environment, health and safety. It offers space for considerable expansion, allowing flexible adaptation to business needs.

The investment complements both Ciba Specialty Chemicals’ research and development activities in Shanghai and pigment production at its existing plant in Qingdao.

In a recent World Bank report, Qingdao was ranked second out of 120 Chinese cities with respect to overall investment climate, local government effectiveness and social progress. Its advantages include a large harbor, a relatively skilled workforce, numerous universities and infrastructure improvements in preparation for the China-hosted Summer Olympics in 2008.

Find information about Ciba Specialty Chemicals.

Read a recent press release about - The photoinitiator used to cure clearcoats gives Ciba Specialty Chemicals a sustainable advantage in producing phosphorus based photoinitiators.

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