24 April 2012 13:27 [Source: ICIS news]
LONDON (ICIS)--Germany-based LANXESS has inaugurated a new facility for formalin production at its site at Krefeld-Uerdingen, the specialty chemicals maker said on Tuesday.
The investment in the facility totals around €18m ($24m) and creates five new jobs at the site, the company added.
Formalin is a feedstock for trimethylolpropane (TMP), a trivalent alcohol used for numerous products in the automotive, furniture and construction industries.
"With our own formalin plant, we're enhancing our site in Krefeld-Uerdingen and continuing to expand our leading position as a manufacturer and supplier of TMP," said the head of LANXESS' Advanced Industrial Intermediates business unit, Hubert Fink.
"Producing formalin on site means we are no longer dependent on buying in this necessary feedstock, thereby also cutting transportation costs," he added.
LANXESS' Advanced Industrial Intermediates business unit is also currently doubling its production plant for menthol at the site on the back of large global demand. The expansion is due to be completed by the middle of the year, the company said. Financial and capacity information for the menthol expansion were not disclosed.
Synthetically manufactured menthol is a component used in many aroma chemicals, for example in the field of oral hygiene and chewing gum, LANXESS said.
($1 = €0.76)
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