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Evonik production capacity for Plexiglas molding compounds in Shanghai doubled

November 16/2011

(Evonik) -- The last quarter of 2011 has seen phase-two expansion of Evoniks PMMA plant in Shanghai completed and put online, thereby doubling its regional manufacturing capacity for molding compounds made of poly(methyl methacrylate) (PMMA) to around 40,000 metric tons.

The PMMA facility, part of a world-scale methacrylate complex, originally commenced with production of PLEXIGLAS molding compounds for the Chinese and all other Asian markets back in 2008.

Evonik began investing in the region as an early mover when it set up its methacrylate complexa project entailing total expenditure of more than 200 million euro. The expansion of capacity at the plant acknowledges the continued, undiminished, growth of the market and represents a further step forward for the corporation within the scope of its long-term Asia strategy.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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