Perstorp expands neopentyl glycol capacity in China
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Perstorp expands neopentyl glycol capacity in China

12:35 PM, 18th June 2011
Perstorp expands neopentyl glycol capacity in China
Martin Lundin, President and CEO, Perstorp.

 

Perstorp invests in extended capacity for polyalcohol neopentyl glycol by establishing production at the group’s manufacturing site in Zibo, China, with planned production to start during the second half of 2012.

PERSTORP, SWEDEN: Planned to be up and running during the second half of 2012, the new capacity will be established at Perstorp’s manufacturing site in Zibo in China through Perstorp’s joint venture Shandong Fufeng Perstorp Chemical Co Ltd.

 “This investment is yet another step for us to strengthen our presence in Asia. With this new capacity Perstorp will cement its position as one of the leading producers of neopentyl glycol, making it possible to take part of the fast and strong growth in this region,” said Martin Lundin President and CEO, Perstorp.

The company said the investment was driven by the increased demand for neopentyl glycol in Asia, specifically in China and will amount to 40,000 MT/year. The Chinese market is rapidly growing owing to the increased awareness of environmental benefits of powder coatings, the main application for neopentyl glycol, Perstorp informed.

© WOC News

 

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