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(Evonik) -- The last quarter
of 2011 has seen phase-two expansion of Evonik’s 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 complex—a 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.
mrcplast.com
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