Oil Additives Evonik to Significantly Expand Its Oil Additives Capacity in Singapore
Evonik Industries plans to nearly double the capacity of its Jurong Island, Singapore oil additives plant, to be completed in early 2015. Ongoing improvement and debottlenecking projects are scheduled to be finalized during the first half of 2014.
Essen/Germany, Singapore – Evonik’s initiative is a response to the above-average growth in the oil additives market due to expanding mobility and increasing demand for high-performance lubricants with higher additive content in Asia. From 2015, the plant in Singapore will be the largest of six oil additive production sites owned by Evonik.
“As a market and technology leader in high-performance additives, we’re strengthening our position in Asia. Our expansion strategy supports the growth of our customers directly from a modern, efficient local production center, with logistics that make a contribution to resource efficiency at the same time,” says Dr. Thomas Haeberle, Executive Board member of Evonik with responsibility for the company’s Resource Efficiency segment.
Evonik began operating the oil additives plant in Singapore in 2008. “Then and now, our goal is to supply our customers with innovative products and technical expertise. Evonik stands for quick and on-time delivery, high quality, and flexibility,” affirms Dr. Ulrich Küsthardt, the head of the Coatings & Additives Business Unit.
Factors that weighed heavily in favor of expansion at the existing Singapore location included excellent supply chain logistics, existing infrastructure, strong IP protection, and a skilled workforce, as well as local support from the Singapore Economic Development Board (EDB).