Akzo Nobel Expands in China Growing Demand for Speciality Chemicals
Akzo Nobel has inaugurated two new specialty chemicals plants at its multi-site in Ningbo, China, which together represent a combined investment of € 80 million.
Ningbo/China — The company has also announced that a further € 90 million is to be invested in building a new specialty chemicals plant in Tianjin. The new facilities in Ningbo are for the Surface Chemistry and Polymer Chemistry businesses. The state-of-the-art site in Tianjin — to be located at the Nangang Chemical Park — is also being constructed for the Polymer Chemistry business and will replace its existing plant in the area.
"There is increasing demand for innovative and more sustainable chemical products and these new facilities will enable us to continue meeting our customers' growing needs," said Werner Fuhrmann, Akzo Nobel's Executive Committee member responsible for Specialty Chemicals. "As well as enhancing our customer focus, these investments also highlight our focus on organic growth and our commitment to further strengthening our market positions in China."
The new facilities at the Ningbo site include an alkoxylation facility, which will provide surfactants for the agrochemical, cleaning, viscose and animal feed industries, as well as the company's largest unit for making organic peroxides that are used in the production of crosslinked rubber. "Investing in state-of-art specialty chemicals facilities, with a focus on sustainability, is only natural as we continue our growth journey in China," explained Dr. LIN Liangqi, President of AkzoNobel China.
In Tianjin, the planned organic peroxides facility will offer more capacity than the existing site. Construction will start towards the end of 2016. It is expected to be operational in late 2018.