Germany's Evonik Degussa, a global leader in specialty chemicals, has commenced construction on a new plant to produce about 100,000 tpa of methyl methacrylates (MMA), along with products such as methacrylic acid and butyl methacrylates. The investment outlay totals to E250 mln is to be located in the Shanghai Chemical Industry Park near Degussa´s existing factories and scheduled to begin production in 2009.
The new plant would be able to serve customers in optoelectronics, automotive, paints and adhesives industries. The new plant is the second largest single investment ever made by the Chemicals Business Area of Evonik. Evonik Degussa, formerly known as Degussa, is now a subsidiary of Evonik Industries AG, the newly-named German conglomerate that is engaged in chemicals, energy and real estate sectors, by the name of Chemicals Business Area of Evonik Industries.