SHAH ALAM, MALAYSIA (Aug. 21, 11 a.m. ET) — Malaysia chemicals producer Emery Oleochemicals Sdn. Bhd. is expanding in Europe with a new technical center and larger manufacturing facilities in Loxstedt, Germany. The total investment is 20 million euros ($24.8 million).
CEO Kongkrapan Intarajang says the Shah Alam-based company is investing in Germany because it expects a 4-5 percent increase in global plastics additives consumption.
The company uses its German site to produce the brands Loxiol and Edenol and the new technical center will be the focus of the company's Green Polymer Additives Business.
The investment comes hot on the heels of the Emery's commissioning of a new manufacturing site in Selangor, Malaysia. Believed to be Asia Pacific's first fully integrated and largest Green Polymer Additives plant, the Malaysian manufacturing operations will enable the company to extend its geographical reach in the ASEAN region, according to the company.
Emery Oleochemicals is a joint venture owned by Sime Darby Plantation and PTT Chemical International Pte. Ltd.