Austrian PVC additive producer Chemson plans to invest 5 million ($8.3 million) in a new plant in England to make stabilizers and lubricants for extruders of construction fittings. Chemson, part of Chemetall, a unit of Dynamit Nobel AG, will start building the factory close to its existing plant at Wallsend early next year. It is scheduled to begin operating a year later.
The firm intends to produce a full range of its Naftomix One-Pack system additives at the new plant. Chemson now imports some products to the United Kingdom from its plants in Austria.The project shows the importance of the U.K. market to Chemson, which will be a long-term domestic manufacturer, said managing director Stephan Hilbert.
``We will also become increasingly competitive in export markets. We already export approximately 50 percent of our current production and we expect this figure to rise,'' he said.
Its products are used in the extrusion of window profiles. Chemson also has plants in Arnoldstein, Austria, and Sydney, Australia.