07 December 2011 11:11 [Source: ICIS news]
LONDON (ICIS)--Evonik Industries will expand its capacities for the polymer polyamide 12 to meet rising demand, the Germany-based specialty chemicals company said on Wednesday.
Evonik said it is expanding its existing plant in ?xml:namespace>
The group’s executive board also approved preliminary and basic planning for a new polyamide 12 facility in
“With the significant capacity expansion proposed, we plan to consolidate our leading position in polyamide 12 for the long term,” said Dahai Yu, a member of Evonik’s executive board with responsibility for the specialty materials segment.
“We’re relying here on growth in the established markets as well as in emerging regions like
Polyamide 12 is used in the automotive sector and in electricals and electronics, household gadgets, and sports equipment. Evonik produces polyamide 12 starting from butadiene; this is converted through various intermediate steps to the monomer laurolactam, which polymerises to polyamide 12, it said.
For more on Evonik visit ICIS company intelligence
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