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Leading specialty chemicals company Perstorp invests in extended capacity for the polyalcohol
Neopentyl Glycol by establishing production at the Group's manufacturing site in Zibo, China, with
planned production start during the second half of 2012.
"This investment is yet another step for us to strengthen our presence in Asia and it is fully in line with our strategies
going forward. With this new capacity Perstorp will cement its position as one of the leading producers of Neopentyl
Glycol, making it possible to take part of the fast and strong growth in this region", President and CEO Martin Lundin
says.
Planned to be up and running during the second half of 2012, the new capacity will be established at Perstorp's
manufacturing site in Zibo in China through Perstorp's joint venture Shandong Fufeng Perstorp Chemical Co., Ltd.
"The investment is driven by the increased demand for Neopentyl Glycol in Asia, but specifically in China, and will
amount to 40,000 MT/year. The Chinese market is rapidly growing thanks to an increased awareness of the
environmental benefits of powder coatings, the main application for Neopentyl Glycol", says Mats Olofsson, Vice
President Resin Intermediates.
The polyalcohol Neopentyl Glycol is increasingly being used in environmentally friendly powder coatings for
architectural applications, domestic appliances, transportation and automotive applications and general industrial
applications. New application areas are being developed, like powder coatings curing at lower temperatures, giving
good opportunities for the future. Perstorp is producing Neopentyl Glycol in its production facility in Perstorp, Sweden.
About Perstorp
The Perstorp Group is one of the world leader in several sectors of the specialty chemicals market for a wide variety of industries and applications. Our products are
used in the aerospace, marine, coatings, chemicals, plastics, engineering and construction industries. They can also be found in automotive, agricultural feed,
food, packaging, textile, paper and electronics applications. Perstorp has approximately 2,200 employees and manufacturing units in eleven countries in Asia,
Europe and North America. Sales amounts to SEK 14 billion (1.45 € billion). By the end of 2005 the Perstorp Group was acquired by Perstorp Holding AB,
controlled by the French private equity company PAI partners.
Source: Perstorp
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