|
(siigroup)
-- SI Group announces that it will invest USD30 million to build an
additional phenolic resin manufacturing site in the Nanjing Chemical Industry
Park, NCIP. The new site will have an initial capacity of 30,000 mt/year
and the potential for expansion to reach 70,000 mt/year.
The facility is
set to commence operation in May 2013, and will produce phenolic resins in lump,
pastille, liquid, and powder forms to serve the rubber, abrasive, friction,
impregnation, and refractory markets. This particular location was selected
taking into account SI Group customer needs and business
processes.
Nanjing Chemical Industry Park provides world class
infrastructure, a skilled workforce, outstanding logistics and access to raw
materials. Recently the company announced the opening of a state of the art
modern rubber and industrial phenolic resin application laboratory at its
Songjiang plant. The overall investments in this modern lab total an
approximate USD 1,5 million. |
