Clariant expects sales of about $2 billion in North America by 2021‍​

FAN Editor 6 years ago
Woman stands next to logo of Swiss specialty chemicals company Clariant ahead of a news conference to present full-year results in Zurich
FILE PHOTO: A woman stands next to a logo of Swiss specialty chemicals company Clariant ahead of a news conference to present the company’s full-year results, in Zurich, Switzerland, February 14, 2018. REUTERS/Moritz Hager

April 5, 2018

ZURICH (Reuters) – Swiss specialty chemicals maker Clariant <CLN.S> said on Thursday it expected North America to become its second-largest market with sales of about $2 billion by 2021.

Key elements in this growth strategy include advancing its research and development competencies, a CAPEX investment of $250 million to further increase both its manufacturing footprint and technical capabilities, and the leveraging of shale gas opportunities, Clariant said in a statement.

Clariant has over 50 sites and more than 2,400 employees in the U.S. and Canada and currently generates a turnover of around $1.25 billion in the region, it said.

(Reporting by Silke Koltrowitz; editing by Brenna Hughes Neghaiwi)

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