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Business
Degussa moves ahead on acrylics
December 11, 2006
| A version of this story appeared in
Volume 84, Issue 50
Degussa's supervisory board has approved construction of a methyl methacrylate complex at the firm's site in Shanghai. The company will invest $330 million to build a plant with an annual capacity of 100,000 metric tons of MMA, which would be converted to polymers and specialty chemicals. The project still depends on final approval from Chinese authorities. "We see an attractive market development in Asia, and this investment reinforces our position as one of the world's leading methacrylate producers," says Degussa Chairman Klaus Engel.
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