Hungary’s BorsodChem to start up new TDI plant on 1 July

25 February 2011 19:58  [Source: ICIS news]

PRAGUE (ICIS)--BorsodChem's new 200,000 tonnes/year toluene di-isocyanate (TDI) plant should begin commercial production on 1 July, making the company the largest producer of the isocyanate in Europe, the firm said on Friday.

The plant would initially operate at a rate of 160,000 tonnes/year before moving up to its full nameplate capacity at a date yet to be determined, it added.

More than 1,000 workers were now working on the final construction stage to complete the plant in Kazincbarcika, northern Hungary, BorsodChem said. The plant also includes a nitric acid facility,

An investment of €140m ($194.4m) from China's Wanhua Industrial Group, which since early February has been the owner of BorsodChem with 96% of its shares, made the completion of the overall €250m plant construction possible, BorsodChem said.

The company already operates a 90,000 tonnes/year TDI unit at Kazincbarcika.

The current largest European TDI producer is Bayer MaterialScience, with a capacity of 135,000 tonnes/year in Bransbuttel, Germany.

BorsodChem noted that its new plant would make it the top European TDI producer only until 2014, by which time Bayer MaterialScience will complete a 250,000 tonnes/year TDI facility in Dormagen, Germany, putting it back in the lead.

However, Wanhua - which has made BorsodChem responsible for its isocyanate operations across Europe, the Middle East and Africa - intends to make its new subsidiary the most competitive isocyanates producer in Europe, with plans to also boost its methyl di-p-phenylene isocyanate (MDI) capacity, it said.

($1 = €0.72)

For more on BorsodChem visit ICIS company intelligence
For more on TDI visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Will Conroy
+44 20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly

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