In Asia, Evonik Industries will be expanding its production capacities for PMMA (polymethyl methacrylate) molding compounds substantially up into the second half of 2011.
“We’re registering remarkable growth rates for our PMMA business in Asia,” explained Dr. Wolfgang Pöffel, who manages the Molding Compounds Product Line in Evonik Industries’ Performance Polymers Business Unit, “so we’ll be expanding capacities significantly at both of our sites in China and Taiwan.”
Evonik Industries currently operates two plants in Asia that produce PMMA molding compounds: one in southern Shanghai, China, and a second plant in Taichung, Taiwan. The Taichung plant, launched in 2007, is operating as part of the joint venture Evonik Forhouse Optical Polymers Corporation. To date, it has produced 40 kilotons of PLEXIGLAS® molding compounds for light guide panels used in flat-screen monitors, and demand for these monitors has risen significantly, particularly in Asia. That is why the plan is to increase capacities by an additional 20 kilotons a year.
Still in its first development stage, the PMMA plant in Shanghai produces 18 kilotons a year. These products constitute an extensive line of PLEXIGLAS® molding compounds that are supplied to all kinds of industries, including the automotive, lighting, and electronics sectors. In these market segments, too, Asia’s demand for PLEXIGLAS® molding compounds has seen significant growth. That is why the Group is now accelerating the planned second development stage for an additional 18 kilotons a year.
The expanded plant in Taichung should go on stream in the second quarter of 2011, and the one in Shanghai is scheduled to start in the second half of 2011.
The Performance Polymers Business Unit of Evonik Industries is a worldwide manufacturer of PMMA products sold under the PLEXIGLAS® trademark on the European, Asian, African and Australian continents and under the trademark ACRYLITE® in the Americas.
Evonik Industries is the creative industrial group from Germany. In our core business of specialty chemicals, we are a global leader. In addition, Evonik is an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our company’s performance is shaped by creativity, specialization, continuous self-renewal, and reliability.
Evonik is active in over 100 countries around the world. In its fiscal year 2009 about 39,000 employees generated sales of about €13.1 billion and an operating profit (EBITDA) of about €2.0 billion.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.