Degussa AG, Dusseldorf, plans to construct a major Verbund production (integrated production network) in Shanghai to manufacture methyl methacrylate (MMA) and methacrylate specialties. The Degussa Supervisory Board has now given the go-ahead for this facility to be constructed. The investment volume for the entire plant including all intermediates is around 250 million Euros, making it Degussa’s second-largest single investment. The world-scale facility is scheduled to come on stream in 2009 on completion of the construction phase, which should last approximately two years. Dr. Klaus Engel, Chairman of the Board of Management of Degussa AG and Member of the Board of Management of RAG Aktiengesellschaft, comments: “The new MMA Verbund facility in China underscores our global growth strategy. We see an attractive market development in Asia, and this investment reinforces our position as one of the world’s leading methacrylate producers.“
Once all the approvals have been obtained from the Chinese authorities, Degussa will construct an MMA facility with an annual capacity of 100,000 tonnes, which will practically all be processed into highly-refined methacrylate specialties and polymers.
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