(siigroup) -- SI Group announces that it will invest USD30 million to build an additional phenolic resin manufacturing site in the Nanjing Chemical Industry Park, NCIP. The new site will have an initial capacity of 30,000 mt/year and the potential for expansion to reach 70,000 mt/year.
The facility is set to commence operation in May 2013, and will produce phenolic resins in lump, pastille, liquid, and powder forms to serve the rubber, abrasive, friction, impregnation, and refractory markets. This particular location was selected taking into account SI Group customer needs and business processes.
Nanjing Chemical Industry Park provides world class infrastructure, a skilled workforce, outstanding logistics and access to raw materials. Recently the company announced the opening of a state of the art modern rubber and industrial phenolic resin application laboratory at its Songjiang plant. The overall investments in this modern lab total an approximate USD 1,5 million.
The facility stands as the global standard for research and development of resin products and further enhances SI Group's position as an industry technology and innovation leader. Also at its Songjiang location, SI Group invested USD3 million for a cutting-edge waste water treatment plant.
The construction of the new resin facility in Nanjing and the company's plan to further expand resin production capacity in 2012 are in step with SI Group's accelerating growth strategy for the China market.
SI Group is a family-owned company founded in 1906 and headquartered in Schenectady, New York. A leading global developer and manufacturer of phenolic resins, alkylphenolic resins, alkylated phenols and other chemical intermediates, SI Group operates 20 facilities in 12 countries around the world.