ICI Announces Plans to Build Elotex Redispersible Powder Polymers Facility in China
ICI has announced its intention to build a new redispersible powder polymers manufacturing plant in China as part of its strategy to grow aggressively in the country and the Asia Pacific region. ICI is currently in the process of selecting the plant location. The new facility for Elotex, a business unit of ICI's National starch and Chemical Company, is scheduled to begin operations in 2008 and shall have a production capacity of approximately 20,000 tons/year.
ICI currently has seven major facilities in China producing decorative paints, adhesives, electronic materials and flavours and fragrances for the China market and the Asia Pacific region. Three more facilities are to be completed by 2008, including the new Elotex plant, a Regional Technical Center for flavors and fragrance product development and a China Research Center for Group R&D. ICI employs nearly 2,000 people in China, where it had sales of more than US$400 million in 2005.
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