Clariant announced plans to build a new masterbatches plant in greater Sydney Area, Australia. The Basel, Switzerland based company said the new plant will mainly serve the Australian market with a full range of color and additive masterbatches to meet the growing local needs. Construction on the plant is currently underway, with plans of commissioning in the fourth quarter 2014.

"Asia Pacific region is one of Clariant's focal areas for future development. The new Australian masterbatches plant will support our Masterbatches business to grow and to increase its customer service focus in the region," commented Mathias Lütgendorf, Member of the Executive Committee.