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 ?xml:namespace>
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
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
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
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)
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