MOSCOW (MRC) -- Global petrochemicals firm Braskem has invested around EUR5 million to build a new European Technology Center within its plant in Wesseling, Germany, said the producer on its site.
With the new facility, the company will be able to develop new products designed specifically for the European market.
Braskem already operates two Polymer Technology Centers worldwide, one in Triunfo, Brazil and one in Pittsburgh in Pennsylvania, US. Investing in a center of technical know-how in Germany reflects the company's commitment to the European market and its clients.
"We are pleased that we now have the capability to develop new products directly for the European market and to provide enhanced technical support to our clients" says Srivatsan Iyer, CEO of Braskem Europe. "Our capabilities in research and development here in Europe, along with the expertise and facilities in our other global Technology Centers, will continue to enable Braskem to expand its technical leadership in polyolefins. We are now able to give our clients even closer support on products and serve them even more efficiently with market-specific requirements", he adds.
The new equipment at the Technology Center provides instrumentation for testing, application development and new product research, which will help improve products and broaden Braskem's portfolio to serve high growth markets.
As MRC reported before, Braskem has commissioned a new UTEC ultra-high-molecular-weight-polyethylene (UHMWPE) production plant at its La Porte, Texas site. The new UTEC plant is scheduled for startup by the end of 2016 and reflects another milestone investment in Braskem's North American growth strategy.
Braskem S.A. produces petrochemicals and generates electricity. The Company produces ethylene, propylene, benzene, toluene, xylenes, butadiene, butene, isoprene, dicyclopentediene, MTBE, caprolactam, ammonium sulfate, cyclohexene, polyethylene theraphtalat, polyethylene, and polyvinyl chloride (PVC).
MRC