Antioxidant Capacity Expansion Addivant Completes Expansion of Korean Antioxidants Plant
Antioxidants specialist Addivant has completed the first of a series of capacity expansions at its production facility at Pyongtaek, South-Korea. By now, the facility's production capacity for phosphite antioxidant has been increased by 40%.
Pyongtaek/South-Korea – “This expansion is part of the overall Addivant 2018 strategy to invest and strengthen our global manufacturing sites to be in the position to meet our customers growing demands for polymer additives. Polymer production is expected to continue to expand ahead of GDP with strong regional growth in North America, Middle East and Asia. As the only producer with chemical production and form-giving capacity in all three regions, we are uniquely positioned to service our customer’s requirements globally.” said Peter Smith, President and CEO of Addivant. Full completion of the production plant is expected in early 2015.
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