Clariant AG

Clariant performs groundbreaking for new Healthcare Packaging plant in India

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.

Strengthening of global manufacturing footprint and customer proximity in Asia

Production of moisture-control solutions for pharma industry

Plant expected to be operational by 2017

   

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.