AkzoNobel to double organic peroxide capacity in China
AkzoNobel’s Specialty Chemicals business is planning to double the production capacity of organic peroxides at its facility in Ningbo, China, during the next two years.
Currently, a project to increase the capacity by 40% is underway and is expected to be complete by mid-August.
The company is now considering a larger scale expansion to increase the current capacity by 100%.
AkzoNobel’s Polymer Chemistry business managing director Johan Landfors said: "Demand for our products is growing rapidly and expanding our existing facilities provides a great opportunity to meet the needs of our global customers."
The Ningbo facility produces dicumyl peroxide (DCP), an organic peroxide used as a crosslinking agent in the manufacture of polymers.
These polymers can be found in many different products such as shoe soles, which is a particular market that has been growing in developing countries.
DCP is also used in polymers for insulating high-voltage cables, which are used to upgrade electricity networks and connect offshore windparks and other sources of renewable energy.
AkzoNobel’s Specialty Chemicals Executive Committee member Thierry Vanlancker said: "We are committed to our customers and to retaining our leadership position in the industries we serve, including organic peroxides.
"By continuing to invest in our existing operations and focusing on operational excellence, we will be able to provide reliable supplies to accommodate the growth of our customers."
The multi-site Ningbo DCP plant opened in October last year, employing around 500 people and houses operations for several of AkzoNobel’s Specialty Chemicals business units.
The company is also building a new organic peroxides plant in Tianjin, ensuring its long-term commitment to the industry in China.