21 May 2008 23:29 [Source: ICIS news]
TORONTO (ICIS news)--Evonik Industries, which includes the former Degussa specialty chemicals business, will increase laurolactam capacity at its production site in Marl, Germany, by the second half of 2009, to meet growing demand, it said on Wednesday.?xml:namespace>
The company would invest a two-digit million euro figure, it said but did not disclose the exact sum or capacity details.
Plans for an additional expansion were already under way, Evonik said without disclosing details.
Laurolactam was the starting material for the polymer polyamide 12 which was enjoying growing demand in new markets, Evonik said.
“Having reached the global number-one position in polyamide line systems for cars, we're now expanding our business to include large-diametre pipes,” said Joachim Leluschko, who heads the business line.
The company markets polyamide 12 as a structural material under the brand name VESTAMID and as a powder under the name VESTOSINT.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections