Kerry Pianoforte04.04.11
Has the resins market showed any signs of recovery from the economic downturn?
• Phil McDivitt, general manager, Celanese Emulsion Polymers: According to our customers in North America, the architectural coatings industry is up approximately two percent. Recovery remains slow due to the lack of growth in the new construction market. In Europe, particularly in Germany, the recession wasn’t quite as deep and recovery for end-use domestic goods has been strong. In China, paints and coatings has rebounded well based on domestic demand while other end-uses such as adhesives, which are driven partially by exports, has not recovered as well. The growth rates in China and India are going to outpace the more mature markets in Europe and North America. To meet this growing demand, Celanese is expanding its capacity at our Nanjing, China facility. This investment will double our vinyl acetate/ethylene capacity and is due to come online in the middle of this year. However, we are not overlooking the mature European or North American markets as they are growing in the low emission paint end use.
&bull
• Phil McDivitt, general manager, Celanese Emulsion Polymers: According to our customers in North America, the architectural coatings industry is up approximately two percent. Recovery remains slow due to the lack of growth in the new construction market. In Europe, particularly in Germany, the recession wasn’t quite as deep and recovery for end-use domestic goods has been strong. In China, paints and coatings has rebounded well based on domestic demand while other end-uses such as adhesives, which are driven partially by exports, has not recovered as well. The growth rates in China and India are going to outpace the more mature markets in Europe and North America. To meet this growing demand, Celanese is expanding its capacity at our Nanjing, China facility. This investment will double our vinyl acetate/ethylene capacity and is due to come online in the middle of this year. However, we are not overlooking the mature European or North American markets as they are growing in the low emission paint end use.
&bull
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