Belgium's Solvay to build $22m ECH plant in Taixing, China
04 May 2012 09:40 [Source: ICIS news]
SINGAPORE (ICIS)--Belgian producer Solvay Group plans to invest yuan (CNY) 136m ($22m) to build a 100,000 tonne/year epichlorohydrin (ECH) plant at Taixing in eastern China, a source close to the company said on Friday.
The plant will be operated by the Belgian firm's wholly-owned subsidiary - Solvay Bio-Chemistry (Taixing) Co, the source said, without disclosing details on when construction will start.
The proposed Taixing ECH plant is expected to generate annual sales of CNY1.8bn, the source said.
($1 = CNY6.30)
By: Dolly Wu
+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 15 Jun 12 08:49 Tianjin Botian Chemical to shut ECH unit for a week
- 11 Jun 12 11:00 Solvay announces plans to build €155m ECH plant in Taixing, China
- 25 May 12 12:32 Solvay completes sale of 50% stake in plastic pipe systems supplier
- 17 May 12 09:44 China’s ECH spot prices fall by CNY1,000/tonne week on week
- 08 May 12 13:37 Solvay's shares rise sharply as Q1 earnings beat market estimates
- 07 May 12 18:45 Solvay’s Q1 net income falls 34% to €65m on Rhodia costs
- 01 May 12 23:59 Europe ECH prices roll over in May on declining feedstock cost
- 27 Apr 12 15:02 Ciech CEO 'dismissed at prompting of Polish treasury ministry’
- 26 Apr 12 09:38 China ECH spot prices rebound after month-long decline
- 24 Apr 12 11:58 Poland’s Ciech receives concrete offer for Zachem subsidiary
- 24 Apr 12 09:27 Advanced Biochemical Thailand shuts ECH unit for two weeks
Latest News
- 18 May 13 00:01 Indiana pulls nitrogen plant funding over fears about explosives
- 17 May 13 23:59 Europe May EO contracts fall in line with ethylene decrease
- 17 May 13 23:59 Europe May DMT reference prices roll over in line with feedstocks
- 17 May 13 23:59 Europe May purified terephthalic acid contract prices roll over
- 17 May 13 23:59 Europe May MMA contract prices dip on softer market fundamentals