Clariant Chemicals (India) Limited (CCIL) to Buy Plastichemix Industries
CHEMMONITOR.COM - Switzerland-based specialty chemicals company Clariant is planning to buy an Indian masterbatch producing company Plastichemix Industries. The Indian producer is a leader in terms of black, white, filler and colour masterbatches production.
After the acquisition, Clariant Chemicals (India) Limited (CCIL) is intending to get a leading position in the masterbatches business in India. The purchase, which is part of Clariant’s global strategy, will assist the company in developing its business and doubling its sales in the next five years.