Evonik Industries says it has its significantly expanded the Jurong Island oil additives plant in Singapore after two years of engineering, planning and construction.
The capacity of the plant has nearly doubled, making it the largest oil additives production site within Evonik’s global production network. Additional plants are located in the US, Canada, France, and Germany.
Go deeper with GlobalData
“The expanding mobility in Asia, a stronger focus on resource efficiency and higher fuel economy, as well as tighter emission limits are spurring growth in demand for high-performance lubricants,” said Evonik resource efficiency board member, Johannes Ohmer.
“With this additional capacity, we are addressing our customers’ growing demand for more, and more advanced lubricants.”
Evonik noted factors weighing heavily in favour of expansion in Singapore included: supply chain logistics; existing infrastructure; strong IP protection; and a skilled workforce; as well as local support from the Singapore Economic Development Board (EDB).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
