Spain: Business Strategy Ercros Expands Production Capacity of Dipenta by 15 %
Ercros has begun expanding the production capacity of Dipenta at its factory in Tortosa, Tarragona, Spain by 15 %. Most of the dipenta produced will be used to increase the company’s presence in the Asian and US markets.
Barcelona/Spain – Since the beginning of April, the expansion of the dipentaerythritol (dipenta) production capacity at the Ercros factory in Tortosa, Tarragona, Spain has been underway. This investment allows the current production capacity to be increased by 15 %. The largest volume of dipenta will be used, as a priority, to increase Ercros' presence in the Asian and US markets. Currently, the company exports 85 %.
Dipenta is a high-value-added polyol used to make paints, lubricants, PVC stabilizers and ultraviolet light hardened resins. This project allows the firm to increase the weight of its polyols business and, therefore, of its intermediate chemicals’ division, which is one of the objectives of its diversification dimension defined by the 3D Plan.
The 3D Plan is the strategic plan started by Ercros, which pursues its transformation into a sustainable company and is based on three dimensions: Diversification, Digitalization and Decarbonization. The plan contains 20 major projects. Its timeframe is the period 2021-2025, although the execution of several digitalization and decarbonization projects will go beyond this period and will extend until 2029. For the period 2021-2029, Ercros foresees a total investment of 111 million dollars and the generation of an additional ebitda of 234 million dollars.
The Ercros factory in Tortosa directly employs 114 people and in 2020 had a turnover of 77 million dollars. It is focused on the production of formaldehyde that is used mainly as a raw material to make polyols (pentaerythritol, dipentaerythritol and sodium formate). It supplies practically all consumers in the Spanish market, but the main part of the production, 70 %, is exported to more than 50 countries around the world.