Evonik Sanzheng Joint Venture Builds Cyanuric Chloride Plant in China
EUR24 million investment in Chongqing secures strong market position
Responsibility for the project lies with the joint venture Degussa Sanzheng (Yingkou) Fine Chemicals Co., Ltd., which was established in Yingkou, Northeastern China, in mid-2005. Cyanuric chloride (CYC) and its derivatives have been produced there since the 1980s. Under the joint venture, the capacity was expanded to about 30,000 metric tons in Yingkou. Evonik has a 65 percent stake in the joint venture, the remainder being held by Liu Zhixun, principal stakeholder and Deputy General Manager of Degussa Sanzheng (Yingkou) Fine Chemicals (YSFC) in Northern China. YSFC is a well-known CYC producer with extensive market experience in China and Asia.
The approximately 650 employees of the joint venture generated sales of about EUR46 million in 2006, mainly in the Asia region. With annual growth rates exceeding 7 percent, China is a particularly attractive market for CYC. In addition to the plant in Yingkou (Northeastern China), Evonik currently also produces cyanuric chloride at the German sites of Wesseling (North Rhine-Westphalia) and Münchsmünster (Bavaria).
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