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11 十月 2018

Clariant’s China strategy achieves new milestone with appointment of Fu Cai Wang as new China President

• Fully regional management structure with profit responsibility implemented
• Clariant continues to invest and further expand its market position
• OneClariant campus to be opened in 2020

Shanghai, October 11, 2018 – Clariant, a world leader in specialty chemicals, today announced the achievement of a new milestone in its dedicated China strategy with the appointment of Fu Cai Wang as its new China President, effective December 1, 2018. In this role, he acts as the Business Unit Head for the China Business of Clariant. Fu Cai Wang joins Clariant from Arkema as Asia Pacific Regional Group President Fluorochemicals Business Unit and President of Arkema Hebei Casda Biomaterials Co. Ltd.
The appointment of Fu Cai Wang completes the “Local Empowerment” aspect of the company’s dedicated 5 Locals" (5Ls) strategic framework that was set up to progress Clariant's commitment to becoming a true “China Insider” and putting China “from fringe to core”. As part of this process, strategic positions across the various businesses in China have increasingly been filled with Chinese top managers, who also have full profit and loss responsibility. By doing so, Clariant is convinced that an enhanced local perspective and business mindset is achieved, which better positions the company to seize the growth opportunities in China.
“We are very proud to have achieved another milestone of our dedicated China strategy. We now have an even stronger and more localized leadership team in place in China and are excited to leverage their knowledge and expertise and capture new growth opportunities”, said Christian Kohlpaintner, member of Clariant’s Executive Committee. “Our strategy is based on a solid framework and has already led to improved results. In the past year, for example, we were able to increase our sales in China by 13% over the previous year and record increased profitability. We are fully on track to deliver on our strategic target of doubling 2015 sales by the year 2021 in China.”
In addition to “Local Empowerment” Clariant has also made significant achievements on the other elements of its China strategy, being Insight, Competitiveness, Innovation and Partnerships. Over the past years, the company has expanded its Additives and Masterbatches capacities and invested in new assets to meet growing local demand for sustainable and innovative products and solutions. Another boost is expected to come from the OneClariant campus, an integrated facility being built in Shanghai that will feature Clariant's new Greater China Regional Headquarters and a new regional Innovation Center, which is set to open in 2020.

Furthermore, Clariant is proactively driving sustainability and innovation in the Chinese industry, e.g. by creating a CleanTech Award for young scientists and a close collaboration with the China Petroleum & Chemical Industry Federation (CPCIF). Since this year, Clariant sells its products and services through its first online flagship store in Alibaba 1688.com, to better serve small and medium-sized businesses in China.
Christian Kohlpaintner: “With our manifold initiatives and the consequent implementation of our specific China governance model, we give China a clear voice at the table, which is heard not only within Clariant but also appreciated in our key markets.”






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STEFANIE NEHLSEN
Phone +41 61 469 63 63
stefanie.nehlsen@clariant.com ECHO HE
Phone +86 21 2248 3085
echo.he@clariant.com


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This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.


www.clariant.com


Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2017 the company employed a total workforce of 18 135. In the financial year 2017, Clariant recorded sales of CHF 6.377 billion for its continuing businesses. The company reports in four Business Areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.



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