Akzo Nobel is investing in a new organic peroxides facility in Russia.
Ankorit, a joint venture between Akzo Nobel Polymer Chemicals (51 percent), Kazanorgsintez S.C. (39 percent) and Roschimneft (10 percent), has announced plans to update and rebuild its present site in Kazan, Tatarstan.
The low density polyethylene (LDPE), polyvinyl chloride (PV), polystyrene and polyacrylics industries are growing steadily in Russia and the demand for modern, sophisticated organic peroxides is increasing.
This demand is currently being met by imports from Western Europe and the output of the existing Kazan plant, which is currently owned and operated by Kazanorgsintez and was built in the early 1970s. The new modernized facility will have a design capacity capable of meeting these growing peroxide requirements in Russia and the surrounding regions.
“The building of this new site perfectly fits our strategy to be close to our customers,” said Anno Wolff, general manager of Akzo Nobel in Moscow. “It enables us to reduce the transport distances of chemicals and therefore increase the overall safety.”
Construction work on the new plant, which will be owned and operated by Ankorit, will begin in spring next year and start up is planned for the third quarter of 2003.
(Released: September 17, 2001)