19 July 2010 23:08 [Source: ICIS news]
“This investment will include the construction of a new building capable of housing several new EVA production lines and will provide the infrastructure for additional future capacity,” the company said in a press release, with the first production line scheduled to be completed by June 2011.
Solutia did not release the financial aspects of the investment.
"Combining [Vistasolar] EVA with our Saflex PVB [polyvinyl butyral] encapsulant manufacturing capabilities in China positions Solutia as the only one-stop source for solar encapsulant solutions in the greater Asia Pacific region and around the globe," said president and chief executive Jeffry Quinn.
The company quoted the Solarbuzz industry report, Marketbuzz 2010, as saying China demand for EVA encapsulants was projected to almost triple by 2015 from its 2009 levels.
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