EANS-News: WACKER Expands Polymer Site in China and Builds two new Production
Facilities
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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
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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