· Investment of approximately 100 million US dollars in Nanjing comprehensive production base
· Added emulsion reactor and redispersible latex spray drying equipment
· The production capacity of WACKER's polymer products in China has thus more than doubled
· WACKER President and CEO Shi Tuozhi said: "This investment will further strengthen our position as the world's leading manufacturer of vinyl acetate-vinyl emulsions and redispersible latex powders."
Wacker Chemie AG further expanded its polymer business in China and invested approximately US$100 million to build two new production facilities at its Nanjing production base. The Munich-based WACKER Group announced today that it will build a vinyl acetate-ethylene (VAE) copolymer emulsion reactor and a VAE redispersible latex powder spray drying equipment on the basis of the existing facilities in the Nanjing production base. The construction of the new equipment can begin once the final approval of the local government department is obtained. The new reactor and spray drying equipment are scheduled to be put into operation in the second half of 2022. After completion, it will be the largest production facility of its kind in the world.
The expansion project will more than double the production capacity of WACKER’s Nanjing production site, which can better meet the growing demand for high-quality adhesives in China’s booming construction industry. "China is the world's largest construction application market, accounting for 20% of the total investment in the global construction sector. The expansion of the production capacity in Nanjing will further strengthen our position as the world's leading manufacturer of vinyl acetate-vinyl emulsions and redispersible latex powders. Status," said Shi Tuozhi, President and CEO of Wacker Chemie AG, when explaining the background of the investment.
"The adhesives we produce can not only improve the performance of building materials, but also improve building efficiency and save resources," added Limbo, President of WACKER China. "China's continuous urbanization process and the demand for existing residential renovations continue to promote the development of environmentally friendly dry-mix building materials in China. The new production capacity can ensure that we can also well meet the growing market demand in the region in the future."
The emulsions and redispersible latex powders produced by WACKER can be used in the fields of construction, coatings and adhesives, such as the formulation of high-quality tile adhesives, energy-saving exterior insulation systems, and low-odor and low-volatile interior wall coatings. , In addition, the product is also suitable for carpet, textile and paper coating.
WACKER produces VAE emulsions, redispersible latex powders and polyvinyl acetate solid resins at an integrated production base located in Nanjing Jiangbei New Material Technology Park. The solid polyvinyl acetate resin sold by WACKER under the VINNAPAS® brand can be used as a binder or additive for adhesives and sound insulation pads, or as a low-profile additive. Concentrating polymer production in China to the same production base can bring synergies to WACKER: economies of scale can be achieved through infrastructure sharing and centralized energy supply. In addition, it also helps to improve transportation and logistics efficiency.