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RAG Subsidiary Degussa Receives Approval from Chinese Authorities to Build Integrated Methacrylates Production Facility

Published on 2007-04-11. Author : SpecialChem

Degussa GmbH has received approval from the Chinese National Development and Reform Commission (NDRC) to construct an integrated production facility for methyl methacrylate (MMA) and methacrylic specialties in Shanghai.

Dr. Klaus Engel, Chairman of the Managing Board of Degussa GmbH and member of the Management Board of RAG Beteiligungsgesellschaft AG, sees the decision of the NDRC as a further milestone in the successful implementation of the Group's growth strategy. "With our methyl methacrylate activities, we are operating in an attractive growth market. By investing in the China region, we intend to serve our Asian target markets in the best possible way and thus expand our leading international position in specialty chemicals."

The official starting shot for the specialty chemicals group's currently largest individual investment measure is expected in a few months' time. The investment volume for the entire plant including all preliminary stages is approx. EUR 250 million. The world-scale plant is to go into operation in the course of 2009, after a construction period of two years. Degussa's Methacrylates Business Unit is responsible for planning, constructing and operating the plant, which gives it production facilities in Asia, North America, Central and Eastern Europe.

The production complex operates on the basis of C4 technology and is being built at Degussa's multi-user site at Shanghai Chemical Industry Park Development Ltd. The integrated MMA plant is designed to provide an annual capacity of some 100,000 metric tons and to supply raw materials for downstream monomer and polymer specialties for applications in optoelectronics, the adhesives and coatings industries and automotive construction.

Degussa - a wholly owned subsidiary of the RAG Group - is the global market leader in specialty chemicals. Our business is creating essentials - innovative products and system solutions that make indispensable contributions to our customers' success. In fiscal 2005 around 44,000 employees worldwide generated sales of 11.8 billion euros and operating profits (EBIT) of 940 million euros.

Source: Degussa


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