SOLVAY TO BUILD LARGE SPECIALTY POLYMERS PRODUCTION PLANT IN CHINA TO CONTINUE SERVING FAST GROWING DEMAND
(Thomson Reuters ONE) -
Brussels, 23 June 2011, at 7.30 a.m. (Brussels time)
SOLVAY TO BUILD LARGE SPECIALTY POLYMERS PRODUCTION
PLANT IN CHINA TO CONTINUE SERVING FAST GROWING DEMAND
Solvay will invest about EUR 120 million to produce its high value-added
products SOLEF® PVDF and TECNOFLON® FKM and their essential VF2 monomer in China
Solvay announced today it has launched a project to build a specialty polymers
production plant for SOLEF® Polyvinylidene Fluoride (PVDF), Tecnoflon®
Fluoroelastomers (FKM) and their essential monomer VF2 in China to satisfy the
growing demand for these high value-added specialty polymers in Asia.
The plant will be built at Solvay's industrial site in Changshu in the province
of Jiangsu and is scheduled to become operational at the beginning of 2014. It
requires the investment of EUR 120 million and will significantly boost Solvay's
global production capacity for these specialty polymers.
The TECNOFLON® FKM product family is used for demanding sealing applications in
aggressive chemical and high heat environments where high purity and long
service life are essential such as those found in the automotive, aerospace, oil
& gas and energy markets. Typical end use products include O-rings, seals,
gaskets and complex molded parts. Demand growth for Tecnoflon® is markedly
driven by the buoyant China automotive market.
SOLEF® PVDF can withstand heat and pressure, aggressive chemicals, mechanical
stress and abrasive particles in varied applications and is widely used in
Lithium-ion batteries, the chemical industry, membranes for water purification
and oil & gas extraction.
The new plant in Changshu will be built next to the compounding plant under
construction for Amodel® polyphthalamide (PPA), Ixef® polyarylamide (PARA) and
Kalix® (modified PARA) which is scheduled to become operational in the last
quarter of 2012.
"This new production plant will enable Solvay to capture a part of the huge
growth potential in this exciting and dynamic region. We'll bring our customers
more high value-added polymers which will help them improve their environmental
footprint and sustainability profile," comments Jacques van Rijckevorsel, Group
General Manager of Solvay's Plastics Sector and member of the Executive
Committee.
"The plant in Changshu will transform the site into a strong industrial base for
fluorinated polymers and their essential strategic feedstock in China. We can
this way leverage the Chinese Fluorine supply chain, be closer to our customers
and diversify our supply basis by adding a new production base for both SOLEF®
PVDF and Fluoroelastomers Tecnoflon®," adds Augusto Di Donfrancesco, Senior
Executive Vice President and General Manager of Solvay's Global Business Unit
Specialty Polymers.
SOLVAY is an international industrial Group active in Chemistry. It offers a
broad range of products and solutions that contribute to improving quality of
life. The Group is headquartered in Brussels and employs about 16,800 people in
40 countries. In 2010, its consolidated sales amounted to EUR 7.1 billion.
Solvay is listed on the NYSE Euronext stock exchange in Brussels, Belgium (NYSE
Euronext: SOLB.BE - Bloomberg: SOLB.BB - Reuters: SOLBt.BR). Details are
available at www.solvay.com.
For further information please contact:
ERIK DE LEYE PATRICK VERELST
Corporate Press Officer Head of Investor Relations
SOLVAY S.A. SOLVAY S.A.
Tel: +32 2 509 7230 Tel. +32 2 509 7243
erik.deleye(at)solvay.com patrick.verelst(at)solvay.com
Press release SOLVAY 23062011:
http://hugin.info/133981/R/1524839/460566.pdf
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originality of the information contained therein.
Source: Solvay S.A. via Thomson Reuters ONE
[HUG#1524839]
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2011 - 07:34 Uhr
Sprache: Deutsch
News-ID 55798
Anzahl Zeichen: 4845
contact information:
Town:
Brussels
Kategorie:
Business News
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