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.