Emery Oleochemicals celebrated the groundbreaking of its Loxstedt manufacturing facility expansion and construction of the Technical Development Center (TDC). Valued at an estimated €20 million (US$25million), it is billed as the company's largest investment in Loxstedt to-date, reinforcing its significance to the company's global strategy of becoming a key player in the green polymer additives segment and is scheduled for completion by the end of 2013.
"With this expansion, we aim to support both existing and new customers by increasing our Loxstedt capacity and in focusing on strategic product development works. We see a steady annual growth in plastic additives consumption of four to five percent worldwide making our Loxstedt expansion integral and timely," said Kongkrapan Intarajang, group chief executive officer, Emery Oleochemicals. "Our investments here combined with our global reach, innovation and market insights will prove instrumental when partnering with customers to find solutions necessary to meet the rapid product evolution seen in the green polymer additives segment."
The Loxstedt manufacturing facility expansion will encompass substantial technological enhancement of its current infrastructure, which will allow for the development of its existing natural-based product portfolio that includes highly-specialized additives for the plastics, coatings and lubricant industries.
The Loxstedt TDC on the other hand, is designed to serve as the Global Centre of Excellence for Emery Oleochemicals' green polymer additives business.
Emery Oleochemicals is headquartered in Malaysia and its two production facilities in Europe are both based in Germany. The existing Loxstedt facility produces specialty solutions while the Düsseldorf site produces a combination of both commodity and semi-commodity solutions. The company has an extensive distribution network covering over 50 countries and also supports the marketplace through its manufacturing and sales and service offices located in Asia Pacific, Europe and North America.