Specialty chemicals company Lanxess is investing €75m to build a new polyamide plastics plant in Antwerp, Belgium.
The 90,000mtpa polyamide plastics plant is slated to start production in the first quarter of 2014.
The new polymerisation plant for plastics is being built near the company's caprolactam facility in Antwerp.
Michael Zobel, Lanxess high performance materials business unit head, said with the new combination of facilities, the company can supply its global network of compounding plants with polyamide plastics directly from Antwerp in the future.
"That will make Antwerp the heart of our global business more than ever," Zobel added.
The manufactured plastic will be processed into the final Durethan-brand products within the company's network of compounding facilities.
To further improve the properties of plastics and adapt them to customer needs, they can be reinforced with glass fibres.
Lanxess is also building new plastic plants in Gastonia in North Carolina, US, and in Porto Feliz, Brazil.
The capacity of the company's caprolactam and glass fibre production facilities are expected to increase by ten percent from the current 200,000tpa and 60,000tpa, respectively.