BorsodChem to Begin Operations at Isocyanate Plant in 2011
Budapest-based BorsodChem has announced that operations at its new isocyanate plant will begin in 2011.
Wanhua Industrial Group acquired a 38% stake in BorsodChem's holding company, First Chemical Holding, in June for 140m ($180m).
BorsodChem plans to use the funding to complete the construction of new toluene di-isocyanate and nitric acid plants.
The toluene di-isocyanate plant will be completed in the first half of 2011, according to Reuters.