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Sinochem News Online on July 1, Swiss specialty chemicals company Clariant announced the creation of a renewable ethylene oxide (EO) derivative joint venture with India Glycol Co.
, Ltd.
(IGL)
.
The joint venture will operate under the name IGL Clariant Specialty Chemicals Sdn Bhd
The joint venture was originally announced in March 2021 and is now effective.
Clariant will fully integrate the joint venture on July 1, 2021, and expects that by fiscal year 2021, revenue from the care chemicals business area will increase by approximately 50 million Swiss francs