Emery Oleochemicals invests $25million in Loxstedt facility

Emery Oleochemicals invests $25million in Loxstedt facility

12:30 PM, 20th August 2012
Emery Oleochemicals invests $25million in Loxstedt facility
Emery groundbreaking of Loxstedt manufacturing facility.

SELANGOR, MALAYSIA: Emery Oleochemicals, the world’s leading natural-based chemicals producer, celebrated the groundbreaking of its Loxstedt manufacturing facility expansion and construction of the technical development centre (TDC). Valued at an estimated €20 million ($25million), it is billed as the company’s largest investment in Loxstedt to-date, reinforcing its significance to the company’s global strategy of becoming a key player in the Green Polymer Additives segment.

Scheduled for completion by 2013 end, these expansion projects bring together over 70 years of pioneering technology and know-how to drive innovation in polymer product development intended to meet customers’ evolving demands in this growing segment. The marketplace will furthermore benefit from advancements in customisable higher-end product development as the company looks to leverage the success of its globally recognized high-performance plastic additives brands, LOXIOL and EDENOL.

“With this expansion, we aim to support both existing and new customers by increasing our Loxstedt capacity and in focussing on strategic product development works. We see a steady annual growth in plastic additives consumption of 4 - 5 per cent worldwide making our Loxstedt expansion integral and timely. Our investments here combined with our global reach, innovation and market insights will prove instrumental when partnering with customers to find solutions necessary to meet the rapid product evolution seen in the Green Polymer Additives segment,” explained Dr Kongkrapan Intarajang, Group Chief Executive Officer, Emery Oleochemicals.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Shell and Chevron agree strategic asset exchange

TEXAS, US: Shell Development (Australia) Pty Ltd and Chevron Australia Pty Ltd have entered into a binding agreement for the exchange of Chevron&rsquo ...

Read more
Chemists make healthier chocolates; replace 50 pc of fat with fruit juice

WARWICKSHIRE, UK: Scientists have found a way to replace up to 50 per cent of the fat content in chocolate with fruit juice. University of Warwick che ...

Read more
Braskem inaugurates new PVC plant in Brazil

SAO PAULO, BRAZIL: Braskem recently inaugurated its new PVC plant in Marechal Deodoro, Alagoas. The investment of R$1 billion is the largest ever made ...

Read more
Toray opens representative office in Istanbul, Turkey

TOKYO, JAPAN: Toray International has opened a representative office in Istanbul, Turkey, to help develop the market in the country as well as in surr ...

Read more
Mexichem, OxyChem to construct ethane-based cracker

TLALNEPANTLA, MEXICO: Mexichem informed that, in order to take advantage of the competitive shale gas market in North America, it signed a Memorandu ...

Read more
Koppers forms tar distillation facility JV in China

PITTSBURGH, US: Koppers Holdings Inc has approved the formation of a majority-owned joint venture company by its wholly-owned subsidiary, Koppers Inte ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X