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(Fibre2fashion) -- Zaklady Azotowe Pulawy (ZAP), one of
the leading Polish chemical companies, has signed four agreements to sell
caprolactam (CPL) to Chinese companies.
The deal envisages ZAP
selling CPL worth 315 million zloty (EUR 75.3 million) to the Chinese
firms. The latest agreement has come close on the heels of the Polish
company announcing a joint venture partnership with Zaklady Azotowe Tarnow
(ZAT), another Polish company, to construct a CPL plant, which is likely
to come up either in China or Taiwan.
China’s domestic CPL production
is rising at a fast pace, but still it is unable to meet the current domestic
demand of 1.34 million tons. China is currently the world’s largest
importer of CPL and the Chinese firms are expected to import about 620,000
tons of CPL in 2012, according to Hubert Kamola, Sales Director at ZAP.
ZAP is based in Pulawy, in Poland’s eastern provinc ’s eastern province
of Lublin, and has a CPL production capacity of 70,000 tons per annum, most of
which is sold in Germany and Southeast Asian markets. In 2011, ZAP’s CPL sales
in Southeast Asian market rose by eight percent, while its total sales increas
only three percent.
mrcplast.com |
