MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, intends to initiate a three-year plan to expand engineered materials compounding capacities at the company’s Asia facilities, including the locations of Nanjing, China; Suzhou, China; and Silvassa, India, as per the company's press release.
To support the significant business growth expected, Celanese has begun planning for the following Asia expansion investments:
- Nanjing, China Compounding and LFT Expansion: the intended scope of this project adds approximately 52KT of compounding and long-fiber thermoplastics (LFT) capacity at the company’s Nanjing integrated chemical complex by the second half of 2023.
- Suzhou, China Nylon Expansion: the intended scope of this project adds approximately 7KT of nylon compounding capacity at the company’s Suzhou facility by the second quarter of 2022.
- India Compounding Expansion: the intended scope of this project adds approximately 7KT of annual compounding capacity at the company’s Silvassa, India facility by the first quarter of 2022.
“By continuing to increase our Asia presence in the engineered materials market, Celanese is adapting to local customer needs and gaining a competitive advantage in a complex and changing environment,” said Tom Kelly, Celanese Senior Vice President, Engineered Materials. “Celanese is committed to expanding its leadership position in the region by increasing both compounding and polymer manufacturing capacities and capabilities through greater investments and additions in its Asia network.”
Financial details of these engineered materials compounding expansions are not being disclosed at this time.
As MRC wrote before, Celanese Corporation has also announced its intent to expand its GUR ultra-high molecular weight polyethylene (UHMW-PE) production capacity in Europe. In addition to the recently announced Bishop, Texas, GUR expansion of approximately 15,000 tonnes per year coming online beginning in 2022, Celanese intends to invest in additional capacity for GUR in Europe.
We remind that in H2 February, 2021, Celanese declared force majeure on its products in the Americas and EMEA region due to the severe winter weather that has heavily curtailed US petrochemicals and refinery production and operations on the US Gulf Coast.
According to MRC"s DataScope report, January EVA imports to Russia rose only by 0,07% year on year to 3,084 tonnes from 3,087 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation dropped in January-December 2020 by 3,41% year on year to 38,170 tonnes (39,520 tonnes in 2019).
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of USD5.7 billion.