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

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