MOSCOW (MRC) -- Nouryon expandable microspheres plantNouryon - formerly known as AkzoNobel Specialty Chemicals - finds its best fit in US-based location for a world-scale polymerization plant to make Expancel expandable microspheres happen, as per PlasticsInsight.
The company will have better-enhanced leadership hold in expandable microspheres with the progress in this project.
These expandable microspheres play a vital role in making customers’ end products lighter and cost-effective. The advanced engineering is in progress, and the project is likely to be completed by late 2020 post final board approval.
Sylvia Winkel Pettersson, Director Expancel at Nouryons, says: "This investment is an important step to meet the fast-growing demand for this product. The planned facility will enable us to better serve our customers in the US and globally."
Expancel microspheres serve as a lightweight filler and also, a blowing agent to make end products lighter. This helps in reducing costs as it requires less raw material.
Winkel Pettersson further added: "It is a versatile product used in a multitude of applications and markets. It offers benefits such as lower density and better insulation – some of the key applications include automotive and construction."
Today, Nouryon stands as the leading producer of expandable microspheres across the world. This planned investment of the US follows a lately completed capacity increase at Sweden.
Niek Stapel, Managing Director Pulp and Performance Chemicals, quoted: "These projects reflect Nouryon’s commitment to be a trusted partner for our customers, who rely on us to support the growth of their business."
He also believes: "We will take our growth ambitions to the next level by making strategic investments with attractive returns tailored to the needs of our customers."
As MRC informed before, in December 2016, AkzoNobel finalized the acquisition of BASF’s global Industrial Coatings business, which supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport, strengthening its position as the global number one supplier in coil coatings. The transaction includes relevant technologies, patents and trademarks, as well as two manufacturing plants in the United Kingdom and South Africa. Approximately 400 employees from BASF’s Industrial Coatings business join AkzoNobel, bringing expertise to innovate and serve an expanded customer base worldwide.
Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 55,000 people.