MOSCOW (MRC) -- Arkema, a France-based chemical manufacturer and the world’s second leading producer of organic peroxides, has announced the construction of a new organic peroxide plant on its Changshu site in China, according to the company's press release.
This investment will help double the site’s production capacity.
By doubling its production capacity in China, Arkema will continue to support the strong growth in the organic peroxide market in Asia, a region in which the Group is also a producer in India, South Korea and Japan.
The new Changshu plant is due to come on stream in early 2016.
"These new capacities reinforce our leadership position in the organic peroxide Asian market for the initiation of polymerization reactions. Our customer service, together with an optimum industrial and logistics model as well these new capacities will enable us to support our customers’ strong growth in China, particularly in the growing plastics markets for the construction, packaging and automotive sectors," stated Manny Katz Global president of Organic peroxides.
Complementing investments made earlier in particular the announcement of the construction of a new plant in Saudi Arabia, the doubling of capacities at the Changshu organic peroxide site illustrates the development strategy pursued by Arkema’s High Performance Materials segment, while further boosting the Group’s presence in high growth countries where Arkema looks to achieve 30% of its sales by 2016.
Organic peroxides are widely used as polymerization initiators in commodity thermoplastics.
As MRC informed previously, in November 2013, Arkema officially started its new 60,000 MTY emulsion polymers facility on its Changshu platform. The plant, part of Arkema’s Coating Resins business unit, will serve customers in the Asia Pacific region with a full line of waterborne emulsion polymers for coatings and adhesives applications.
Arkema with annual revenue of EUR6.4 billion is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc. Arkema operates 11 organic peroxide plants on the three continents.
MRC