Clariant announces sale of Cellulose Ethers to Shin-Etsu Chemical Co., Ltd.
The Cellulose Ethers business unit generated sales of Euro 187 million in 2002. It has built a prominent position serving customers around the world in the construction materials and coatings industries.
Modern operations based in Wiesbaden, Germany are complemented by the Tylose® brand that the business has developed as a globally recognized industry standard. Clariant is pleased that Shin-Etsu Chemical plans to strengthen the business along with Shin-Etsu Chemical's existing complementary activities in cellulose ether chemistry.
The business was part of Clariant's Functional Chemicals Division and employs about 500 people.
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