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It is expected that the production of some wet dye products can be manufactured outside of Clariant's manufacturing structure, and the company will invest more in the “synthetic leather†products described by Luetgendorf.
According to the company’s introduction, as long as the production of cattle in the world increases by 1%, the demand for leather and synthetic materials is expected to increase and exceed the supply of raw materials.
The company said that the internal evaluation of the leather service business unit is expected to be completed in September this year. Once the assessment is completed, Clariant will focus on products and markets, especially China and India.
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Swiss specialty chemical manufacturer Clariant outlined its plans for the future in London. Since its recent reorganization, the company has divided the company into ten business units, including leather units that account for 4% of the company’s total sales.