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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.
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.
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