Clariant said it is selling its polysilazane coatings business including the production site in India to AZ Electronic Materials (AZ) for approximately €4 million.

Under the terms of the agreement, Clariant retains the exclusive right to develop and use polysilazanes for composite materials and ceramics. Clariant will continue its development in the area of ceramic precursors and fibers based on polysilazanes. It is for this reason that Clariant also concluded a long-term supply agreement for polysilazanes with AZ.

The company said it is divesting the business in order to increase operational efficiency and in order to refocus management time on core new business development activities.