Solvay is to invest around EUR120m (US$170m) to produce polymers at its Chinese industrial site at Changshu in Jiangsu province.
The plant, which will become operational at the beginning of 2014, will see production of Solef Polyvinylidene Fluoride (PVDF), Tecnoflon, Fluoroelastomers (FKM) and their monomer VF2 in China to satisfy growing demand in Asia.
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“This new production plant will enable Solvay to capture a part of the huge growth potential in this region,” said Solvay plastics sector group general manager Jacques van Rijckevorsel. “We’ll bring our customers more value-added polymers which will help them improve their environmental footprint and sustainability profile.”
For his part Solvay global business unit speciality polymers senior EVP Augusto Di Donfrancesco noted: “The plant in Changshu will transform the site into a strong industrial base for fluorinated polymers and their essential strategic feedstock in China.
“We can leverage the Chinese fluorine supply chain, be closer to our customers and diversify our supply basis by adding a new production base for both Solef PVDF and Fluoroelastomers Tecnoflon.”
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