23 July 2012 10:13 [Source: ICIS news]
LONDON (ICIS)--Germany-based Evonik will expand its production of crosslinking additives in Wesseling to meet rising demand, the specialty chemical firm said on Monday.
The company will be increasing the capacity of triallyl cyanurate and triallyl isocyanurate, which are used in the production of photovoltaic modules.
Although Evonik did not disclose any specific details on the financing or the capacities of the expansion, it did say the investment involved will be in the low double-digit million euro range.
The expansion is expected to be completed by the end of 2013.
“For Evonik the expansion of the plant is a logical response to rising market demand," said Matthias Hau, head of Evonik's Agrochemicals & Polymer Additives Business Line.
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