MOSCOW (MRC) -- Arkema is further increasing its fluoropolymer production capacities in Changshu, China, by 35% in 2022, said the company.
The increase in capacity is scheduled to come on stream before the end of 2022, the company said in a statement. Financial and overall capacity details of the expansion project were not disclosed.
"This new investment is fuelled by further strong demand in the lithium ion battery business as well as significant opportunities in the water filtration, construction coatings, and semiconductor industries," the company said. The Changshu plant was last expanded in December 2020.
As per MRC, Arkema has brought on stream new Kynar PVDF capacities in its Calvert-City plant in the United States. With this 20% increase in its US production capacities, Arkema will further support its customers’ strong demand in the region. Through this investment and following the successful start-up of a similar expansion at its Changshu, China plant in 2017, Arkema, which operates fluoropolymer production facilities on the three major continents - Europe, North America, and Asia, further consolidates its world-leading position in PVDF.
We remind, that Russia's output of chemical products rose in February 2021 by 5.3% year on year. Thus, production of basic chemicals increased year on year by 7.5% in the first two months of 2021. According to the Federal State Statistics Service of the Russian Federation, mineral fertilizers accounted for the greatest increase in the January-February output. Production of benzene dropped to 113,000 tonnes in February 2021, compared to 120,000 tonnes a month earlier. Overall output of this product reached 241,000 tonnes over the stated period, down by 7.5% year on year.