DÜSSELDORF, GERMANY (Oct. 26, 3:20 p.m. EDT) — Engineering resins maker Ticona plans to open what officials say is the world's largest acetal plant, in Frankfurt-Hochst, Germany, in 2011.
The new plant will have capacity of almost 310 million pounds a year and will replace an existing 240 million-pound facility there. The existing site is being closed to make room for an expansion of a nearby airport, said global acetal business director John Caamano at K 2007 in Dusseldorf.
Global acetal growth is expected to average 4-6 percent for the next several years, Caamano added. Growth in Asia should be in double digits, while U.S. growth should check in at 2 percent and European growth at around 3 percent, he said.
Kelsterbach-based Ticona ranks as the world's largest acetal maker. The firm, with North American headquarters in Florence, Ky., is a unit of Celanese Corp. of Dallas.