(Plastemart) -- Solvay invests ┬21 mln in a new capacity to satisfy surging demand in China, in a specialty polymers compounding plant at its site in Changshu in the province of Jiangsu, China. The compounding plant will serve the fast growing markets in China for electronics, automotive, consumer and industrial applications and will initially start producing compounds of Amodel polyphthalamide (PPA), Ixef polyarylamide (PARA) and Kalix (modified PARA).
The facility will be fully adaptable for future expansion for both overall capacity and for other high performance and fluorinated polymers.
"This investment clearly illustrates Solvay's strategy to enlarge its industrial base in fast moving markets such as China. Sales of Specialty Polymers in Asia were above 25% of total sales in the first half of this year and we see a growing trend," says Augusto di Donfrancesco, General Manager of the Strategic Business Unit Specialty Polymers.