Evonik Industries has announced a significant expansion of its Jurong Island, Singapore oil additives plant, to be completed in early 2015.
With ongoing improvement and debottlenecking projects scheduled to be finalized during the first half of 2014, these optimizations and the planned expansion will nearly double the capacity of the oil additives plant in Singapore, the company said.
“As a market and technology leader in high-performance additives, we’re strengthening our position in Asia. Our expansion strategy supports the growth of our customers directly from a modern, efficient local production center, with logistics that make a contribution to resource efficiency at the same time,” says Dr. Thomas Haeberle, Executive Board member of Evonik with responsibility for the company’s Resource Efficiency segment.
Upon completion of the expansion, the plant in Singapore will be the largest of six oil additive production sites owned by Evonik. The company cites that the expansion is in respond to the above-average growth in the oil additives market due to expanding mobility and increasing demand for high-performance lubricants with higher additive content in Asia.
Evonik markets its oil additives under the brand name VISCOPLEX, as well as lubricant additives DYNAVIS and VISCOBASE.
Source: www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-67007263/Article.aspx
