19 January 2000 18:17 [Source: ICIS news]
LONDON (CNI)--German chemicals company Degussa-Huls announced Wednesday it has invested in the rubber carbon black plant at Jaslo refinery in Poland and plans a major expansion programme.
Degussa-Huls has agreed with Nafta Polska, the state-owned holding company, and the refinery owner Rafineria Jaslo to buy the rubber carbon black plant for DM13.5m ($7m/Euro6.9m). The plant will be operated by a new wholly-owned subsidiary named Carbon Black Polska.
The German group plans to invest DM10m to modernise and expand the facilities to 25 000 tonne/year. Later expansions are expected to double the plant's capacity to 50 000 tonne/year.
Degussa-Huls said that the investment is a key step to supplying the growing markets in eastern Europe.
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