EANS-News: WACKER Expands Polymer Site in China and Builds two new Production Facilities
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Subtitle: - Around 40 million investment at integrated production site in Nanjing - Doubling of dispersion capacity to 120,000 metric tons per year - New plant for polyvinyl acetat solid resins - Executive Board Member Auguste Willems: This investment will strengthen our position as one of the worlds leading manufacturers of polymer dispersions and gumbase resin Munich (euro adhoc) - March 5, 2012 - Wacker Chemie AG is expanding its Chinese polymer activities by investing around EUR40 million in building two new production facilities at its Nanjing site. As announced by the Munich-based chemical group today, it is expanding the site´s existing facilities for vinyl acetate-ethylene copolymer (VAE) dispersions by adding a new reactor with an annual capacity of 60,000 metric tons. This measure will double Nanjing´s VAE dispersion capacity to ap-prox. 120,000 metric tons per year, making the complex one of the biggest of its kind in China. The new reactor is scheduled to come on stream in mid-2013. At Nanjing, WACKER is also building a new plant to produce polyvinyl acetate (PVAc) solid resins with an annual capacity of 20,000 metric tons. This plant is due for completion in early 2013. The new production facilities will give WACKER sufficient long-term capacity to meet the strong demand for VAE dispersions and PVAc solid resins in the Asia-Pacific region. As a result, it will be able to continue offering its customers there consistently high delivery reliability and product quality in the years ahead. The main application fields for VAE dispersions lie in construction, coatings and adhesives. PVAc solid resins are used in industrial applications and to manufacture gumbase. "These expansion measures are necessary to keep pace with our customers´ robust demand for top-class VAE dispersions and high-quality polyvinyl acetate solid resins in the future," explains Auguste Willems of Wacker Chemie AG´s Executive Board. "By expanding our integrated site in Nanjing, we will strengthen our position as one of the world´s leading manufacturers of polymer dispersions and gumbase resin." WACKER´s fully integrated plant at Nanjing already produces vinyl acetate-ethylene copolymer dispersions and dispersible polymer powders for the construction, coating, adhesive, and other industries. By bundling its Chinese polymer activities at a single site, the company expects to gain decisive advantages and synergies - achieving economies of scale through a common infrastructure and energy supply. Additionally, it will be able to enhance its transport and logistical efficiency. This press release contains forward-looking statements based on assumptions and estimates of WACKER´s Executive Board. Although we assume the expectations in these forwardlooking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forwardlooking statements, nor does it assume the obligation to do so. Further inquiry note: Christof Bachmair Media Relations & Information Tel.: +49 (0)89 6279 1830 E-Mail: christof.bachmair@wacker.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Wacker Chemie AG Hanns-Seidel-Platz 4 D-81737 München phone: +49 (0) 89 6279 01 FAX: +49 (0) 89 6279 1770 mail: info@wacker.com WWW: http://www.wacker.com sector: Chemicals ISIN: DE000WCH8881 indexes: MDAX, CDAX, Prime All Share stockmarkets: free trade: Hannover, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing: Berlin, regulated dealing/prime standard: Frankfurt language: English
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