Arkema announces doubling of Organic Peroxide production capacity in China
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.
Arkema operates 11 organic peroxide plants on the three continents.
A global chemical company and France’s leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, some 14,000 employees and 10 research centers, Arkema generates annual revenue of €6.4 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands.