Albemarle to Expand Antioxidant Production in China
Strategic move will further strengthen position in the China plastics additives marketplace
Albemarle Corporation announced that its Board of Directors has approved a project to more than double the antioxidant production capacity of Shanghai Jinhai Albemarle fine chemicals Co., Ltd., part of the "Jinhai Albemarle" manufacturing joint venture in which Albemarle gained a majority ownership stake last year.
This strategic expansion will allow Jinhai Albemarle to maintain its market position as the leading manufacturer and supplier of polymer antioxidants in China.
Jinhai Albemarle currently supplies antioxidants to many Chinese petrochemical companies from two integrated production sites in China. Albemarle will continue to leverage its global presence to enhance exports from both the Shanghai and Ningbo plants to the growing regional and global plastics marketplace.
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