Belgium’s Solvay to invest €120m in China specialty polymers plant

23 June 2011 08:40  [Source: ICIS news]

SINGAPORE (ICIS)--Belgian producer Solvay said on Thursday it will invest €120m ($171m) to build a specialty polymers plant in China to meet the strong demand in Asia.

The plant, to be built at Solvay’s industrial site at Changsu in Jiangsu province, is scheduled to start up in early 2014, the company said in a statement.

Solvay did not specify the capacity of the plant.

 “This new production plant will enable Solvay to capture a part of the huge growth potential in this exciting and dynamic region,” said Jacques van Rijckevorsel, group general manager of Solvay’s plastics sector and a member of the company’s executive committee.

($1 = €0.70)

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By: Pearl Bantillo
+65 6780 4359

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