Emery Oleochemicals Group, a global leader in the production of natural-based chemicals, will invest some €20 million (US $25million) to expand its manufacturing facility and set up a technical development centre (TDC) in Loxstedt, Germany.
Emery Oleochemicals is 50%-owned by Malaysia’s, Sime Darby Plantation and PTT Chemical International Pte Ltd, a wholly-owned subsidiary and the international investment arm of PTT Global Chemical.
The company on Friday held the ground-breaking ceremony for the project which is expected to be ready by end-2013.
Emery Oleochemicals Group Chief Executive Officer, Dr. Kongkrapan Intarajang said in a statement that the expansion would increase capacity at its Loxstedt facility as well as focus on strategic product development works, noting a consistent global annual growth in plastic additives consumption of 4%-5%.
The expanded Loxstedt manufacturing facility when completed will incorporate significant technological upgrades of its current infrastructure, which will support the development of its existing natural-based product range that includes highly-specialised additives for the plastics, coatings and lubricant industries.
At the same time, the Loxstedt TDC is designed to serve as the Global Centre of Excellence for Emery Oleochemicals’ Green Polymer Additives business.
The Loxstedt expansion came after the recent commissioning of a new plant in Malaysia sited at Telok Panglima Garang, Selangor. The new Malaysian facility is said to be the first fully integrated and largest green polymer additives plant in the Asia-Pacific.
With its headquarters in Malaysia, the group has built a presence in 3 continents- Asia-Pacific, North America and Europe, with plants in USA, Germany and Malaysia.
Adapted from StarBiz and Emery Oleochemicals website