Akzo Nobel Specialty Chemicals has announced an investment of $ 14.65 million in the capacity expansion and upgrade of its organic peroxides facility in Los Reyes, Mexico .
Amsterdam/The Netherlands — The project involves construction of a new facility to make Perkadox CH-50 organic peroxides, which are sold primarily into the thermoset resin market, where the company is a global market leader. One of the key growth segments for this market is ambient temperature curing of acrylic resins, which are used in road marking, resurfacing and roofing applications.
The investment is the latest in a series of recent investments at the Los Reyes site by the company's Polymer Chemistry business. In January 2017, it finalized a $ 26.68 million organic peroxides expansion, followed in May by the completion of a project which increased overall peroxyester capacity in North America by 40 %. The latest expansion project is expected to be completed by May 2019. Organic peroxides are essential ingredients in the manufacturing of a wide range of polymers.
Over the last three years, the Polymer Chemistry business has invested more than $ 123 million. "We are committed to investing in production capabilities across all our businesses so we can support the growth of our customers in key markets around the world," says Werner Fuhrmann, CEO of Akzo Nobel Specialty Chemicals.