The reason for the expansion is to meet the demand growth in downstream products. The new capacity will also provide flexibility and security of supply.
“Trends like electromobility and self-driving cars place new demands on automotive applications which we will meet with our high-quality PLEXIGLAS® molding compounds”, says Siamak Djafarian, Senior Vice President Business Unit Molding Compounds.
The company plans to complete the expansion during the third quarter of 2023.
In June, the company announced the construction of a large-scale plant in the US for the raw material methyl methacrylates (MMA).