Clariant, Songwon to Produce Antioxidants.After the joint venture between Clariant Clariant (SWX: [1]) is a Swiss speciality chemical company which was formed in 1995 as a spin off from Sandoz. The company expanded by the incorporation of the speciality chemicals business of Hoechst (Germany) in 1997 and the acquisition of BTP plc (UK) in 2000. of Muttenz Muttenz is a municipality with a population of approximately 17,000 in the canton of Basel-Country in Switzerland. It is located in the district of Arlesheim. , Switzerland, and the South Korean company Songwon Color Ltd. last April, the Swiss manufacturer has now signed a contract with Songwon Industrial Ltd. on the joint development and production of antioxidants Antioxidants Substances that reduce the damage of the highly reactive free radicals that are the byproducts of the cells. Mentioned in: Aging, Nutritional Supplements antioxidants, n. for the polymer industry. Under this agreement, Clariant can exclusively supply out of its own production capacity all relevant products for the stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders of polyolefines to its customers worldwide. Both parties also agreed to jointly develop new products as mixtures, blends, new supply forms and new molecules. The cooperation, which fits in Clariant's overall growth strategy, will strengthen the product portfolio of both companies and improve their customer service. |
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