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Nippon Shokubai (Japan) invests EUR 350 million in Flanders

Japanese chemical group Nippon Shokubai invests EUR 350 million in its plant in the port of Antwerp. The group wants to increase the annual production of superabsorbent polymers from 60,000 to 160,000 tonnes.

With this substantial investment, Nippon Shokubai caters to the growing demand for superabsorbent polymers in central and eastern Europe. Upon completion, the group’s global output will reach 710,000 tonnes, making the group one of the world’s leading polymers producers.

On top of that, the group is also building a production facility for acrylic acid, which is the basic raw material for polymers. This new plant will have an annual capacity of 100,000 tonnes and should be operational by May 2018.

Reported by
12 May 2015

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