ERJ staff report (TP)
Berwyn, Pennsylvania − Styron, the global materials company and manufacturer of plastics, latex and rubber, will expand its latex capacity with a new reactor at its Zhangjiagang, China, production facility. This expansion will mainly support the demand for latex in China’s paper and paperboard industry, forecast to grow in the next five years.
James Mingyu Ni, Styron Latex Business Director for Asia Pacific, said: “This investment will allow us to expand our reach in the Chinese marketplace [and] in the past five years, Styron has been involved in the startup of 80 percent of the new coated paper and board mills in China.”
The new reactor, expected to commence production in the second quarter of 2015, will be Styron’s fourth unit of its kind at Zhangjiagang.
Styron had approximately $5.5bn (€4.02bn) in revenue in 2012, and has 20 manufacturing sites around the world with 2,100 employees.
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Press release from Styron