New owner of Clariant textiles to accelerate innovation
01/10/2013
Alexander Wessels will work closely with the current heads of the three businesses acquired from Clariant, with the textile division keeping its headquarters in Singapore but with the three companies’ supply chains becoming more “closely integrated”.
“Our customer-facing side will remain as it is, with textiles keeping its headquarters in Singapore, but we currently run three supply chains and we intend, in time, to concentrate that into one integrated supply chain for the benefit of our customers,” Mr Wessels told sportstextiles.com. “The manufacture will be closer to the market and therefore customers will get a quicker response and a faster turnaround.
“The drivers of the business will continue to be around bringing innovations to the textile market and bringing sustainability to our customers’ products. SK has committed to accelerated investments in R&D and innovation.”
He added that Archroma is targeting a higher-than-GDP growth rate and would consider acquisition targets if it finds technology which is a good bolt-on.
SK Capital Partners is a US-based private investment firm with a focus on the specialty materials, chemicals and healthcare sectors. Archroma will be headquartered in Switzerland alongside Clariant’s former paper solutions business.
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