Clariant has vowed to further strengthen its position in China with the recent inauguration of its One Clariant Campus in Shanghai on Thursday.

Home to Clariant's operational headquarters and innovation center in China, the campus will increase cooperation and enhance solutions for customers, the Swiss chemicals company said.

"With this investment, Clariant shows its long-term commitment to China and increases its focus on customer experience, innovation drive and footprint enlargement," said Andy Walti, head of Clariant China and Asia-Pacific.

"Under the roof of the One Clariant Campus, we will speed up our processes and increase our abilities to fulfill the specific needs of our Chinese customers with innovative and sustainable Clariant solutions."

The company said it would increase its share of the Chinese market, the world's largest chemicals market overall, as well as for specialty chemicals. The Chinese market represented 10 percent of Clariant's sales in 2020.

The company has recently announced a new catalyst production site in China's Zhejiang province, an investment that will further strengthen its position in China and enhance its ability to meet the demand of China's thriving petrochemicals industry.

"The One Clariant Campus is an important milestone for our dedicated China strategy. The One Clariant Campus will be a strong driver to further strengthen our market position in China and beyond", said Conrad Keijzer, CEO of Clariant.