30 March 2011 05:39 [Source: ICIS news]
SHANGHAI (ICIS)--Total China Investment (TCI) is planning to invest €30m ($42m) to build a 200,000 tonne/year lubricant blending plant in Tianjin, a coastal city in northern China, the company said on Wednesday.
Construction of the plant is expected to start in June and operations are scheduled to begin in the fourth quarter of 2012, the company said in a statement.
The plant, which will be one of Total’s largest lubricant production units in Asia, will be wholly owned and operated by Total (Tianjin) Manufacturing, a subsidiary of Total in China.
Total will produce diversified lubricant and grease products at the new plant for the automobile, industrial, original equipment manufacturer (OEM) and marine markets, the statement said.
“China is one of Total’s largest lube markets in the world. The new investment in Tianjin marks a strategic move to expand Total’s existing lube manufacturing in Guangzhou of south China and Zhenjiang of east China, to cover the high-potential provinces in north and west China,” said Thierry Pflimlin, senior vice president at Total’s Asia Pacific refining and marketing (R&M) division.
($1 = €0.71)Please visit the complete ICIS plants and projects database
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|