DOMO CHEMICALS
Plans to start building EUR 12m polyamide compounds plant in China
Signing ceremony for the Pinghu plant in China (Photo: Domo Chemicals) |
Domo Chemicals (Leuna / Germany; www.domochemicals.com) said it plans to invest EUR 12m in a new engineering materials plant in Pinghu, Zhejiang / China. The plant will have multiple production lines and eventually be capable of producing 50,000 t/y of polyamide compounds. In the first phase of development, the company said the plant is expected to have a 25,000 t/y capacity, and production is scheduled to start in the fourth quarter of 2020.
The new facility will integrate R&D, production and sales and have more than 11,500 m² of floor space – allowing enough additional room available to cope with future demand requirements. Domo said it will mainly develop and produce modified engineering thermoplastics such as PA 6, PA 6.6 and high-temperature PA at the site in order to meet rising demand for modified materials from the automotive, electronics and consumer industries.
The company signed a new factory project with the Dushan Port Economic Development Zone of Pinghu on 20 February 2020. It said the contract, which was signed remotely during the ongoing coronavirus situation, demonstrates its long-term commitment to the Chinese economy. Fabrizio Cochi, general manager for Asia Pacific at Domo Chemicals, said, “I believe that we are about to enter a period of rapid development in China once today’s hurdles are overcome.”
The new facility will integrate R&D, production and sales and have more than 11,500 m² of floor space – allowing enough additional room available to cope with future demand requirements. Domo said it will mainly develop and produce modified engineering thermoplastics such as PA 6, PA 6.6 and high-temperature PA at the site in order to meet rising demand for modified materials from the automotive, electronics and consumer industries.
The company signed a new factory project with the Dushan Port Economic Development Zone of Pinghu on 20 February 2020. It said the contract, which was signed remotely during the ongoing coronavirus situation, demonstrates its long-term commitment to the Chinese economy. Fabrizio Cochi, general manager for Asia Pacific at Domo Chemicals, said, “I believe that we are about to enter a period of rapid development in China once today’s hurdles are overcome.”
17.03.2020 Plasteurope.com [244745-0]
Published on 17.03.2020