On August 29, Solvay Specialty Polymers and Changshu New Materials Industrial Park held a land reservation and project capital increase signing ceremony.
Solvay plans to increase the capital of its special polymer division, Changshu Production Base, and Solvay Specialty Polymers (Changshu) Co., Ltd. by 70 million U.S. dollars for the expansion of existing projects and new projects in the base. Development. At the same time, Changshu New Materials Industrial Park will also reserve the land surrounding the existing production base for Solvay to support its subsequent development.
Sun Lihong, President of Solvay Greater China, said: "China is one of Solvay's important strategic markets. Solvay is committed to continuous investment and deep cultivation of this market. The capital increase and expansion plan for the Changshu production base once again highlights the company's China Development's confidence and commitment. "
Solvay plans to complete the capital increase in phases. While expanding the existing project in the Changshu production base, it will also build new fluorine-containing high-end new material projects. The implementation of expansion and new projects will help enhance Solvay's specialty polymers 'competitiveness in the Chinese and even Asia-Pacific markets, and create conditions for better meeting customers' growing needs in new energy, water treatment, electrical and electronic, and automotive markets. .
Du Zhizhong, President of Solvay Specialty Polymers Asia Pacific, said: "Solvay has strong R & D capabilities, advanced production technology and top-end manufacturing processes in the field of high-performance polymers. This capital increase plan will help Solvay further Enhance local production and service capabilities to better meet the complex and diverse needs of customers in China and the Asia Pacific region for high-tech materials. "
Solvay Specialty Polymers Division provides 35 brands and more than 1,500 high-performance polymer products to the market; covering fluoropolymers, fluororubbers, fluorinated liquids, semi-aromatic polyamides, sulfone polymers, aromatic super polymers High performance polymers, high barrier polymers and crosslinked high performance compounds. Its products are widely used in aviation, alternative energy, automotive, medical, membrane, oil and gas, packaging, pipeline, semiconductor, wire and cable and other markets.
Solvay Specialty Polymers (Changshu) Co., Ltd., a subsidiary of Solvay's Specialty Polymers Division, was established in 2007. It is an important production base of the division in China. The main products are: polytetrafluoroethylene ultrafine powder, Aromatic polymer and cross-linked low-smoke halogen-free flame-retardant cable compound, fluorine rubber and polyvinylidene fluoride.
Currently, the base is implementing a fluorine rubber (FKM) technical transformation project and a second phase construction project of polyvinylidene fluoride (PVDF). It is planned to be completed and put into operation in 2020 and 2021, respectively, and the annual output value will be about 560 million yuan.