(GV) -- Solvay Specialty Polymers and Rhodia Engineering Plastics have announced progress on a new EUR 21 million compounding plant, which will come on-stream in Changshu, Jiangsu province, in summer 2012, months ahead of schedule. It will serve the Chinese markets for electrical and electronics, wire and cable, automotive, consumer, and industrial applications.
In addition, Solvay is building a new EUR 120 million production plant for fluorinated polymers at its industrial site in Changshu, to meet growing demand in Asia in end-use markets such as automotive, photovoltaic, Li ion batteries, membranes for water purification, and oil and gas applications. The new plant is scheduled to be operational early 2014.
Solvay is an international chemicals and plastics company. In 2011, Solvay acquired Rhodia for approximately EUR 3.4 billion. Rhodia is one of the three sectors of activities of Solvay. Rhodia is a world leader in the development and production of specialty chemicals, and partner of major players in the automotive, electronics, flavors and fragrances, health, personal and home care markets, consumer goods and industrial markets.
MRC