Degussa Sets Up PMMA Extrusion in Russia

04-Sep-2003 - Russian Federation
Business Unit Plexiglas of Degussa AG is investing in the extrusion of solid acrylic sheets (PMMA) in Russia. The facilities that are intended to go on stream in 2004 will be operated by a yet to be established joint venture located in Podolsk (Greater Moskow area). The company will be a joint venture between the 100% Degussa subsidiary Röhm GmbH & Co. KG, the Unichem Group and ZAO Orgsteklo JSC, a long-standing Russian partner of Business Unit Plexiglas. The planned capacity of several thousand tonnes is intended to meet demand on the Russian market and in the CIS. "This joint venture is a milestone of Degussa's overall commitment in the CIS economies. It will sustainably strengthen our presence and lay the foundation for further activities in line with our specialties strategy," underlines Prof. Utz-Hellmuth Felcht, Chairman of the Management Board of Degussa AG, Düsseldorf, Germany. For Dr. Hans-Jürgen Kress, President of Degussa's Business Unit Plexiglas and Member of the Management Board of Röhm GmbH & Co. KG, "this commitment represents a further step towards consolidating and expanding the market presence of PLEXIGLAS(r) in the CIS. Based on Degussa's strategy, the joint venture offers the ideal platform to serve this up-and-coming market with our PLEXIGLAS(r) specialities."

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