AkzoNobel invest €45 million investment at Ningbo plant

AkzoNobel to invest €45 million investment at Ningbo plant

1:46 AM, 18th November 2011
AkzoNobel to invest €45 million investment at Ningbo plant
Rob Frohn, Executive Committee Member, AkzoNobel.

AMSTERDAM, THE NETHERLANDS: AkzoNobel announced its intention to invest €45 million in a new dicumyl peroxide (DCP) plant at its Ningbo multi-site in China to meet a growing local, regional and global demand. The new facility will expand DCP production by more than 30 per cent to 25,000 metric tonne and allow for future expansion as the market continues grow. Expected to be completed by mid-2014, it will be the fifth plant built on the multi-site and benefit from shared infrastructure facilities.

“The demand for our products is rapidly growing and by expanding and improving our facilities we will continue to meet our customers’ needs in China and around the world,” said Rob Frohn, Executive Committee Member, AkzoNobel. Widely used as cross-linking agent for various polymers and copolymers, DCP can be found in a variety of products like shoe soles, cable insulation, and construction insulation.

The announcement coincides with inauguration of one of AkzoNobel’s other Ningbo plants, which also manufactures organic peroxides. The Ningbo site also produces chelates, ethylene amines and ethylene oxide. The total investment in the AkzoNobel’s Ningbo site announced to date is nearly €370 million.

(C) WOC News



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