April 5, 2018 / 5:26 AM / 3 months ago

Clariant expects sales of about $2 bln in North America by 2021‍​

ZURICH, April 5 (Reuters) - Swiss specialty chemicals maker Clariant said on Thursday it expected North America to become its second-largest market with sales of about $2 billion by 2021.

Key elements in this growth strategy include advancing its research and development competencies, a CAPEX investment of $250 million to further increase both its manufacturing footprint and technical capabilities, and the leveraging of shale gas opportunities, Clariant said in a statement.

Clariant has over 50 sites and more than 2,400 employees in the U.S. and Canada and currently generates a turnover of around $1.25 billion in the region, it said. (Reporting by Silke Koltrowitz; editing by Brenna Hughes Neghaiwi)

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