AkzoNobel announces EUR45 mln investment at Ningbo Dicumyl Peroxide plant

AkzoNobel has announced its intention to invest EUR45 million in a new Dicumyl Peroxide (DCP) plant at its Ningbo multi-site in China to meet a growing local, regional and global demand. Widely used as cross-linking agent for various polymers and copolymers, DCP can be found in a variety of products like shoe soles, cable insulation and construction insulation. The new facility will expand AkzoNobel Functional Chemicals' DCP production capacity by over 30% to 25,000 metric tons and allow for future expansion as the market continues grow. Expected to be completed by mid-2014, it will be the fifth plant built on the multi-site and benefit from the shared infrastructure and state-of-the-art facilities. According to Rob Frohn, Executive Committee member responsible for Specialty Chemicals: "The demand for our products is rapidly growing and by expanding and improving our facilities we will continue to meet our customers' needs in China and around the world."
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