# Clariant and SABIC plan high-performance materials joint venture

Clariant and SABIC plan to form a joint venture combining Clariant's additives and high-end masterbatch businesses with SABIC's specialty polymer business, with expected turnover of 4 billion Swiss francs by 2021.

- Type: Partnership
- Announced: 2024-01-15
- Value: $397.0M (4.00B CHF)
- Status: announced
- Products: specialty polymers, additives, masterbatch
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Clariant](https://endata.com/companies/426.md) (partner)
- [SABIC](https://endata.com/companies/3200.md) (partner)

## Sources

- [haythink.com](https://www.haythink.com/clariant-claims-high-performance-materials-business-with-sabic-will-increase-profitability/), 2024-01-15: "We are separating the innovative and high-margin business of the plastics and coatings portfolio into a high-performance polymer from Saudi Basic Industries Corporation (SABIC) to create a very professional and broad player in the materials sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.