提升 to build HMD plant in China’s Jiangsu province
提升 Performance Materials announced today it signed an investment agreement to construct a new hexamethylene diamine and specialty chemicals plant in Lianyungang, China in the Xuwei New Area Park. The new plant will be 提升’s first chemical production facility and the largest investment the company has made outside of the United States.
The plant will produce HMD and specialty chemicals to supply 提升’s global polyamide production and serve its regional customers.
“Our growth is driven by increasing market demand and growing collaboration with our customers globally,菲尔·麦克迪维特说, 提升’s president and CEO. “The materials we produce are helping drive technological transformations across markets, from e-mobility to automation. Our new HMD plant positions us to continue supporting these transformations well into the future.”
提升, a fully integrated producer of durable engineered materials, serves a variety of sectors including automotive, 油漆和涂料, electrical and electronics, 消费品, and cable ties and fasteners.
“China and 亚洲 remain high-growth markets for us,” said Dr. Kevin Wu, 提升’s senior vice president and managing director for 亚洲. “This new plant is a symbol of our growth in the region and the partnerships we have developed. We thank the Xuwei New Area Park administrators and the officials in Lianyungang for their partnership in this project.”
提升 signed a memorandum of understanding in November 2020 during CIIE in Shanghai with Xuwei New Area Park, witnessed by the leaders of Jiangsu Province and Lianyungang.
提升 will begin construction later this year with a plant startup targeted for the second half of 2023.
The announcement of the new site construction follows a series of acquisitions and capacity expansions to enable regional growth and continued global supply security. In 2018, 提升 made its first acquisition in Tilburg, 荷兰, followed by acquisitions in Mozzate, Italy; Suzhou, China; and Fosses, 法国. 提升 will also complete an acquisition in San Jose Iturbide, Mexico and the construction of 提升 亚洲 Innovation Center later this year.
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