Akzo Nobel’s business unit Plastics and Processing Additives (PPA), operating under the name Akcros
chemicals, the leading global player in
the polysulfide market, will invest in a major expansion at its Greiz facility in
Germany. Due for completion early in 2002, the expansion will provide additional polysulfide tonnage
primarily for use in aerospace
sealants and other high-tech, high added value applications.
"This investment, which will substantially increase capacity, reaffirms our long-term commitment to the polysulfide market," said Kees van Nierop, General Manager of PPA. "We know that our proprietary
technology gives us the ability to supply the highest quality polysulfide for use in high-end aircraft sealant and insulated
glass applications. This expansion is consistent with our goals of strengthening our
worldwide position and ensuring reliable supply to key customers in the high added value segments we serve," he added.
PPA is a key supplier of
polymer additives for the PVC industry and high performance polysulfide chemicals for sealants. While polysulfides are used in a variety of applications, PPA’s market approach is
focused primarily on sealant producers in the aircraft and construction industries. Market growth in these segments is in line with GDP in Europe and the USA, and is higher than GDP in Asia Pacific.