15 August 2012 13:21 [Source: ICIS news]
LONDON (ICIS)--Germany-based Evonik Industries has begun construction of a functionalised polybutadienes plant in ?xml:namespace>
The company said the plant would have an annual capacity of several thousand tonnes and that the investment needed is in the mid double-digit million euro range.
Evonik did not disclose any further details on the plant’s proposed construction costs or output.
The plant is scheduled for completion in the middle of 2013, it said.
Klaus Engel, Evonik’s chairman said: “Today, we are laying the foundation stone for a business with outstanding prospects for the future – it is innovative and contributes towards the strong-growth megatrend of resource efficiency.”
Functionalised polybutadienes are used mainly in sealing compounds for insulated glass windows and for adhesives used in the automotive and electronics industries, Evonik said.
Ulrich Kusthardt, head of the coatings & additives business unit, said: “There is great demand for products that help us use resources more efficiently. Especially in
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