Degussa Lays Corner Stone in Shanghai Chemical Industry Park

The Coatings & Colorants Business Unit starts construction of the new production plants for Polyesters and Colorants

12-Jan-2005
The coatings & Colorants Business Unit of Degussa AG marked the start of construction of two new plants with the laying of a corner stone at the Degussa multi-user site in Shanghai. A large number of guests from the worlds of business and politics were welcomed at Shanghai Chemical Industry Park (SCIP) on December 9 by Thomas Hermann, head of the Coatings & Colorants Business Unit, and Dr. Anke Frankenberger, project head of the multi-user site in China (MUSC). The plant for manufacturing colorants and a production plant for polyesters are expected to service customers in the rapidly expanding Chinese market from late 2005 onward. Through these state-of-the-art investments, Degussa will provide Chinese manufacturers of coatings and colorants with high-quality products and solutions locally. With this development, the Coatings & Colorants Business Unit affirms its confidence in the dynamic growth of the Chinese market while honoring its own commitment to support its customers all over the world. The new multi-user site is located in SCIP, on the southern outskirts of the city. The investments are pooled in Degussa specialty chemicals (Shanghai, a subsidiary of Degussa's Chinese holding, Degussa (China) Co., Ltd. The polyesters and colorants plants of the Coatings & Colorants Business Unit are the first projects at this site.

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