AkzoNobel to expand monochloroacetic acid capacity by Q2 2013

24 May 2012 07:17  [Source: ICIS news]

TAIXING, China (ICIS)--AkzoNobel plans to expand its monochloroacetic acid (MCAA) capacity to 100,000 tonnes/year from the current 60,000 tonnes/year by the second quarter of 2013, a company official said on Thursday.

Knut Schwalenberg, managing director of AkzoNobel Industrial Chemicals, was speaking at the foundation-laying ceremony for the expansion held at Taixing in Jiangsu province, east China.

The company did not disclose the financial details of the expansion.

AkzoNobel expects its revenue in China to reach $3bn (€2.4bn) by 2015, said Schwalenberg.

MCAA is mainly used as a chemical intermediate for the synthesis of other products.  Major applications of MCAA are related to the production of carboxymethyl cellulose (CMC) and products such as esters and glycine.

($1 = €0.80)

By: Rachel Yang

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