Degussa Puts Colorants and Polyesters Plants in Shanghai on Stream

Degussa AG celebrated the start-up of its new polyesters and colorants plants at its multi-user site (MUSC) in Shanghai. On June 12, 2006, Dr. Alfred Oberholz, Dr. Manfred Spindler, and Dr. Hans-Peter Schaufler welcomed a large number of guests from the worlds of politics and business to the Shanghai Chemical Industry Park. "The start-up of the first production plant at the MUSC represents a milestone for Degussa. We're systematically expanding our presence in China's attractive growth market," said Dr. Oberholz, deputy chairman of Degussa AG's Management Board. "We're happy to now be able to offer our high-quality products and solutions in China too. These plants will strengthen Degussa's core business," added Dr. Spindler, member of the Management Board. Dr. Schaufler, head of the coatings & Colorants Business Unit, emphasized the importance of the MUSC for the Coatings & Colorants Business Unit. "We attach great importance to a long-term commitment to China. With this step, our business unit is affirming its confidence in the dynamic growth of the Chinese market, and is supporting customers in the region with local production." The new multi-user site is located in Shanghai Chemical Industry Park (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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