China’s Shanxi Sanwei aims to complete BDO expansion by 2013

17 October 2011 08:31  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanxi Sanwei Group is aiming to complete expansion works at its butanediol (BDO) plant by the second half of 2013, a company source said on Monday.

Shanxi Sanwei owns and operates a 100,000 tonne/year BDO plant at Hongdong in Shanxi province, the source said.

After expansion works are completed, the company’s BDO capacity will be increased to 250,000 tonnes/year, the source added.

The company also plans to bring onstream a 30,000 tonne/year polytetramethylene ether glycol (PTMEG) plant at the same time at Hongdong, which will raise its PTMEG capacity to 85,000 tonnes/year, the source said.

“Construction work on the BDO plant and the new PTMEG plant has started,” said the source.

Shanxi Sanwei announced its expansion plans in a statement to the Shenzhen Stock Exchange in mid-September.

The expansion work on the BDO plant and the construction of the PTMEG plant are expected to cost around yuan (CNY) 1.5bn ($235m).

($1 = CNY6.38)

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By: Quintella Koh
+65 6780 4372

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