18 June 2013 17:32 [Source: ICIS news]
LONDON (ICIS)--France-based specialty chemicals producer Arkema on Tuesday announced a 15% debottlenecking of its bis-peroxide capacity in both its Spinetta factory in Italy and at its unit in Franklin, Virginia, in the US.
This increased capacity, already effective, is the first stage of a multi-step plan which intends to grow the global bis-peroxide capacity by 30% by the end 2014, Arkema added.
Exact capacity details were not disclosed.
Bis-peroxide is an organic peroxide largely used in the crosslinking of rubber in various sectors such as wire & cable, automotive and footwear. The company said the new capacity will allow it to respond immediately to strong demand in this synthetic rubber crosslinking industry, in particular in Asia.
Arkema added that the bis-peroxide market is expected to grow by around 6%/year in the main regions of Asia, Americas and Europe.
“This new capacity will further strengthen our leadership position in bis-peroxide. But above all, it will allow Arkema to follow the growth of our clients, which is expected to be strong especially in Asia,” said Manny Katz, global group president, for Arkema’s Organic Peroxides business.
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