Germany's Evonik opens relocated triacetonamine derivatives unit
17 April 2012 09:59 [Source: ICIS news]
SINGAPORE (ICIS)--Germany-based Evonik held an inauguration ceremony on 17 April for its relocated triacetonamine derivatives plant at ?xml:namespace>Liaoyang in China’s northeastern Liaoning province, the company said on Tuesday without disclosing the plant’s capacity and financing details.
The plant was moved to the Liaoyang National Aromatic and Fine Chemical High-Tech Industrialization Zone in September 2010 from another site in the province
It is operated by Evonik Tianda (Liaoyang) Chemical Additive (ETL), a joint venture between Evonik China and Tianda Electrical.
“We are targeting Asia's fast-growing markets,” said Jan Van den Bergh, head of Evonik Industries’ advanced intermediates business unit.
“We are focusing on China in particular. Our commitment to Liaoyang is another aspect of our growth strategy, which helps us to single-mindedly advance our business operations,” Van den Bergh added.
Demand for triacetonamine derivatives has been rising for several years and the new plant at Liaoyang will allow the company to cater for market needs in China, Evonik said.
Apart from the plant in Liaoyang, Evonik has other production capacities at Marl Chemical Park in Germany, according to the firm.By: Nurluqman Suratman
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