Ciba Specialty Chemicals to invest in a new antioxidant production plant in Singapore
Ciba specialty chemicals has decided to make a major investment of around CHF 125 million (USD 100 million) in a new production plant for antioxidants for plastics in Singapore. The new plant comprises synthesis, blending and form giving facilities for granular forms of Ciba® IRGANOX® 1010 and Ciba® IRGAFOS® 168 and its blends, with an overall initial capacity of 30.000 metric tons. State-of-the-art technology and innovative manufacturing processes will ensure Ciba's longterm competitiveness. The plant's location in the fast developing Jurong Island petrochemical complex offers excellent infrastructure and support facilities, backward integration into key raw materials and options for future expansion. Production start up is expected in early 2008.
The new manufacturing plant will ensure continuous supply of antioxidants to the fast growing polymer industry in Asia Pacific and Middle East. Global plastic production continues to grow above GDP level with Asia and Middle East driving production expansion to meet fast growing consumer demand based on high economic growth and low per capita consumption in China and other emerging markets in Asia.
This investment in Singapore reflects Ciba Specialty Chemicals' strategy to expand activities in Asia and continue to build new production capacity primarily in this region. The Company is also investing into new production facilities for Coating Effects in India to expand its production network in Asia with currently 21 manufacturing facilities. Earlier this year, a new Research and Development Center was opened in Shanghai. Other recent steps to strengthen the business position in the region include an agreement with LG Chem, the leading chemical company in Korea. This provides Ciba with ownership of the Hisorb plastic stabilizer range in Korea, as well as a long-term supply agreement. In 2004, Ciba generated 27 percent of sales in Asia-Pacific.
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Topic world Synthesis
Chemical synthesis is at the heart of modern chemistry and enables the targeted production of molecules with specific properties. By combining starting materials in defined reaction conditions, chemists can create a wide range of compounds, from simple molecules to complex active ingredients.
Topic world Synthesis
Chemical synthesis is at the heart of modern chemistry and enables the targeted production of molecules with specific properties. By combining starting materials in defined reaction conditions, chemists can create a wide range of compounds, from simple molecules to complex active ingredients.
