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November 15, 2013
Evonik expanding capacities for isophorone and isophorone diamine
Evonik Industries (Essen, Germany; www.evonik.com
) is significantly expanding its global isophorone (IP) and isophorone diamine (IPD) capacities by funding an investment of more than €100 million in Shanghai, China. The new production plants will be completed in the first quarter of 2014 and will increase the total capacities of IP and IPD significantly.
"We're investing in China, because we are committed to the growth region Asia. As a world leader in isophorone-based products, we will continue to further consolidate and expand our position in this chemistry," says Dr. Ulrich Küsthardt, president of Evonik’s Coating & Additives Business Unit.
With this expansion strategy, it aims to support the growth ambitions of key customers in Asia and around the world. Proximity to consumers in this growing market will translate into improved local service, shorter lead times, and faster responses to changes in demand. "Our aim in building the plants in Shanghai—at the company’s existing multi-user site—is to supply our Asian customers with the same high-quality products they are used to from our plants in Europe and the U.S., now from a plant in the region," says Gerd Brand, senior vice president and head of crosslinkers business line.