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Home  Latest
News 24 Oct 2005 |
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Lucite International opens the first world-scale Methyl Methacrylate plant in China24 Oct 2005 Southampton, UKLucite International, owner of the world-renowned Lucite® and Perspex® brands and a global leader in the innovation, design and manufacture of acrylic based products announces the opening of its Methyl Methacrylate (MMA) plant in China. The new facility, located 70km south of Shanghai in Caojing, was completed ahead of schedule, and is now available at full capacity to meet customer needs. Lucite International (China) Chemical Industry Ltd (LIC) will be opened at an official ceremony attended by the Lucite International Board of Directors, LIC customers, suppliers and local dignitaries on 25 October 2005.The plant’s current capacity is 100 kte of MMA per annum with opportunities to expand to 150 kte as demand grows. Lucite International’s new facility will strengthen its market leadership position and support its established blue-chip customer base in Asia while attracting new partners for developing opportunities. James Gu, General Manager of LIC comments: “Being the largest, most cost-effective MMA producer gives LIC a massive edge in the world’s fastest growing market. Our challenge is to continue to lead this market responsibly and safely, helping our customers to innovate and grow profitably with us. As a local producer, LIC can provide rapid service both in terms of reliable, high-performing, consistent materials and expert market and technical know-how. We have a young and highly professional team with the ambition and drive to succeed.” Lucite International has a heritage of technical and manufacturing excellence and is proud of its world-class safety record. During the construction of the China plant, 1.61 million man-hours were worked without an injury. David Henniker, Project Manager comments: “We worked very closely with our Taiwanese EPC Contractor, CTCI throughout the design, procurement, construction and commissioning phases. This partnership was essential to delivering safe, robust plant on time in China. But having the support of our own highly experienced global team was a huge benefit and helped us to achieve our aims ahead of time.” LIC’s strategic location near to Shanghai will provide significant benefits. In addition to the efficient logistics and transportation systems at Caojing site, LIC is positioned at the heart of China’s rapid economic growth. Downstream markets for acrylic are forecast to continue to achieve double-digit growth. The forthcoming Beijing Olympics in 2008, the World Exhibition in 2010 and the planned Disney Garden in Shanghai in 2012 are excellent examples of the market dynamism and opportunities that LIC is positioned to support. |
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