03 June 2013 23:47 [Source: ICIS news]
HOUSTON (ICIS)--US-based specialty chemicals producer Ferro announced on Monday that it will begin making dibenzoates at its site in Antwerp, Belgium.
Production at the 28,000 tonne/year facility is expected to begin in the second half of 2014, Ferro said.
“This project includes installation of technologies to produce benzoic acid, which will allow Ferro to fully backward-integrate into this key raw material at the Antwerp facility,” the company said.
The dibenzoates will complement Ferro’s Santicizer benzyl phthalate plasticizers, it added.
“We continue to vigorously execute on our strategy to create value for Ferro shareholders by divesting non-core assets, reducing costs and pursuing high-return growth investments,” said Peter Thomas, Ferro’s CEO.
“This is an important enhancement to our core technology capabilities and advances Ferro’s participation in attractive markets requiring eco-friendly materials solutions,” he added.
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