Akzo Nobel's Specialty Chemicals business is investing more than € 4 million (approx. $ 4.72 million) to increase production capacity in Sweden for its Levasil CC-branded product line of patented surface modified colloidal silica.
Amsterdam/The Netherlands — A product of two natural ingredients — sand and water — colloidal silica is a versatile product which enhances and improves key functionalities of other products and manufacturing processes. Akzo Nobel is producing this material at production facilities in Asia (Taiwan and China), Europe (Germany and Sweden) and the Americas (Brazil and US). The business' main markets include electronics, coatings, construction and catalysts, as well as batteries.
The expansion, at the Bohus facility close to Gothenburg, is expected to be completed by late 2018. It is the latest initiative aimed to fuel further growth of the company's colloidal silica business. Last year the business commissioned a new lab and implemented an innovative process step that boosted production capacity of Levasil products.
More than 50 % of colloidal silica revenue comes from Eco-Premium products, which provide more sustainability benefits than competitive products, the company states. The Specility Chemical's Business is selectively increasing production capacities across its portfolio. This quarter the company made progress with expansion projects at its Kvarntorp plant in Sweden, Frankfurt facility in Germany and Ningbo multi-site in China, while projects were completed in the US, China, Brazil and Denmark.