AkzoNobel Plans Additional Investment in China
November 22, 2011
AMSTERDAM, the Netherlands - AkzoNobel has announced its intention to invest EUR 45 million in a new dicumyl peroxide (DCP) plant at its Ningbo multi-site in China to meet growing local, regional and global demand. Widely used as a crosslinking agent for various polymers and copolymers, DCP can be found in a variety of products like shoe soles, cable insulation and construction insulation. The new facility will expand AkzoNobel Functional Chemicals' DCP production capacity by more than 30 percent to 25,000 metric tons and allow for future expansion as the market continues to grow. Expected to be completed by mid-2014, it will be the fifth plant built on the multi-site and benefit from the shared infrastructure and facilities.