International. AkzoNobel Specialty Chemicals officially started the construction of a state-of-the-art organic peroxide production facility in Tianjin, China.
The €90 million facility, located in Tianjin's Nangang Industrial Zone, will replace the existing organic peroxide plant in Tianjin and supports efforts made by Chinese authorities to optimize urban planning and produce industrial improvement in the country's chemical industry.
Scheduled to be completed in the second quarter of 2020, it will also provide capacity expansions of between 30 and 70 percent depending on the product line, allowing the company to support its customers' growth.
"Demand for organic peroxide continues to increase in Asia and around the world," said Jack Li, regional sales director for Polymer Chemistry.
Li says end-use markets for organic peroxides are growing annually between five and six percent in China, outpacing growth in the rest of the world.
AkzoNobel Specialty Chemicals has invested more than €180 million over the past three years to better serve its customers in the polymer industry, upgrade technologies, increase capacity and reposition its global manufacturing footprint at sites in Mexico, the Netherlands, Belgium, China and Italy, Brazil and the United States.
