Lonza of Switzerland plans to invest US$125m
01 March 1997 00:00 [Source: APC]
Lonza of Switzerland plans to invest US$125m in a chemical facility on Pulau Sakra in a joint venture with the Singapore Economic Development Board. The company is looking to produce purified isophthalic acid used in making polyester fibre, coatings and some engineering plastics. This will be Lonza's second project in Asia, the first being a $40m facility in China to produce the vitamin niacin.
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