BASF invests Euro75m to boost 'Styrolux' capacity
25 April 2000 17:11 [Source: ICIS news]
LONDON (CNI)--German chemicals and life sciences giant BASF announced on Tuesday plans to invest some Euro75m ($70m) in expanding production capacity for its Styrolux polymer.
BASF said on Tuesday that new plants would be built at Antwerp, Belgium and at its Altamira Verbund site in Mexico, while production capacity will be expanded at existing facilities in Ludwigshafen, Germany and Antwerp.
The new plant at Antwerp will have a capacity of 30 000 tonne/year and is due onstream at the beginning of 2002. A year later BASF plans to start production from the Altamira facility, which will have an initial capacity of 45 000 tonne/year.
Output of Styrolux at Ludwigshafen will rise from 15 000 tonne to more than 20 000 tonne/year, while production at Antwerp will be increased from 20 000 tonne to about 35 000 tonne/year. The capacity increases should be available in mid 2001.
BASF said the projects are subject to formal board approval which it is hoped will be given in the next couple of weeks. No breakdown by individual project of the overall investment was available.
Expansion of Styrolux capacity follows BASF's announcement last month of plans to spend more than Euro150m to increase ethylbenzene (EB) and styrene capacities at Ludwigshafen and EB capacity at Antwerp.
BASF said the investment in additional Styrolux capacity is to meet growing demand in Europe and Asia and to open up new markets in the Nafta (North American Freed Trade Association) region. Styrolux is used mainly in the foodstuff industry where applications include films, drinking cups and packaging.
By: Neil Sinclair
+44 20 8652 3214
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