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Luxi Chemical to set up caprolactam plant

March 16/2012

(Fibre2fashion) -- Luxi Chemical will instead of setting up a organic silicon project as announced earlier, will
now set up a 200,000 tons per annum caprolactam (CPL) plant. 

In a filing, Luxi announced plans to terminate the second phase of an organic silicon project, and will instead
spend 1.2 billion Yuan raised through an Initial Public Offer (IPO) on a CPL plant. 

Luxi will spend around 2.5 billion Yuan on setting up the CPL unit and expects the plant to generate around 4
billion Yuan in annual revenue.
Author:Anna Larionova
Tags:polyether, polyether.
Category:General News
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