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Dynea Announces Plans for New Resin and Formaldehyde Plant for Sexsmith, Alberta, Canada

Published on 2005-10-28. Author : SpecialChem

Part of a major investment initiative in Western Canada, Dynea announced plans to construct a new resin and formaldehyde production facility at Sexsmith, Alberta, Canada. Located in the Peace River area of north western Alberta, adjacent to the regional center of Grande Prairie, this world-class plant will utilize Dynea's industry leading technology to satisfy growing regional demand for phenol formaldehyde resin, urea formaldehyde resin, formaldehyde and other related products. The new resin complex will be built on 50 acres of serviced industrial land.

In addition to the Sexsmith project, Dynea will also make related investments in its existing Kamloops, British Columbia and Thunder Bay, Ontario resin plants. "As a first step, in 2005 we doubled resin capacity at Thunder Bay," says Mr. Garry McClean, President Dynea North America. "Dynea's plans for state of the art technology and additional industry support personnel in Western Canada are a strong statement of Dynea's long term commitment to customers across North America. We are also very pleased with the support for this project from the Town of Sexsmith and the assistance we can provide for the growth of that fine community."

Design engineering and various permit application processes are currently underway for all three locations. Pending final Board approval this December, construction on the new Sexsmith plant is anticipated to begin in early 2006 with start up scheduled for early 2007. Project work at both Kamloops and Thunder Bay will be completed during 2006.

Dynea is a global provider of superior adhesion and surfacing solutions. In 2004, Dynea had combined revenues of EUR 1.1 billion. With 54 production units in 26 countries in Europe, the Americas and Asia Pacific, Dynea has some 3,100 employees. The new Sexsmith plant will be Dynea's 14th production unit in North America.

Source: Dynea

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