BRUSSELS (AFX) - Pharmaceuticals and chemicals combine Solvay SA said it is planning a new plant in Thailand to produce epichlorohydrin, a chemical building block used in the production of plastics.
The announcement was made as Solvay launched a similar plant today in Tavaux, France.
Solvay said the Thailand operation will produce 100 kilotons of the chemical starting mid-2009 and added the investment is a response 'to rapidly growing demand for epichlorohydrin, in particular in Asia'.
The French site has a capacity of 10kt, which Solvay said is 'easily expandable in response to market demand'.
'We believe that Epicerol will make a substantial contribution to the group's sustainable and profitable growth strategy,' said Filipe Constant, managing director of Solvay's electrochemistry division. simon.zekaria@thomson.com sz/cw COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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