Clariant announced an updated strategy and financial outlook as well as the signing of a Memorandum of Understanding with Sabic on a significant collaboration opportunity between the two companies in the area of high performance materials. The group intends to expand more strongly by focusing on customer-specific products and solution offerings with attractive growth prospects and above average value potential. Apart from forming a joint venture with Sabic under new partnership, this strategy also includes the divestment of the plastics and coatings business, which the Swiss chemicals maker describes as the company's most cyclical ...