28 July 2008 22:12 [Source: ICIS news]
HOUSTON (ICIS news)--Brazilian producer Oxiteno will invest in a new acetates plant in Maua, in the area of Sao Paulo, Siresp, the nation's plastic resins union, said on Monday.
The plant will add a production capacity of 40,000 tonnes/year, with an investment of Brazilian reais (R) 51m ($32.3m), the union said.
It is expected that the new unit will start operations in the second trimester of 2009, Siresp said.
The unit will supply resins, inks, varnishes and solvents to the automotive, construction and packaging sectors, the union said.
In addition to acetate production, the company is also planning to enlarge the production capacity of ethylene and oleochemicals, among other products, Siresp said.
($1 = R1.58)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|