Saint-Priest, France - Vencorex, will expand capacity for HDI, a specialty isocyanate for the paints and coatings market by 12,000 tonne/year in Thailand.
The company did not disclose an investment amount, or location for the plant, but said it would be online in 2015. Magnus Lanner, Vencorex CEO said: "This new asset in Asia, with an annual capacity of 12,000 tons per year and our own state-of-the-art technology, will serve this expansion, helping the industry in Asia to provide very high quality offerings and technology. Thailand is a strategic location and will provide Vencorex with a competitive advantage in the region."
Sutin Chamulitrat, Vice President, Marketing & Sales at Vencorex, said the firm would then have three production sites on three continents.
Vencorex markets HDI (hexamethylene diisocyanate) products under the Tolonate brand.