Celanese announced Tuesday it’s slated to build a liquid crystal polymer polymerization plant in China to keep up with growth in two of its product lines.
Though the Dallas-based global chemical and specialty materials company hasn’t picked a specific location yet, it's considering both existing and undeveloped sites for the facility, a release said. Celanese (NYSE:CE) didn’t disclose specific dollar-amount investments, but the scope is intended to maintain approximately 20 kilotons of LCP productions per year.
The first phase of the project won’t come to fruition until 2024 and is set to support the Vectra and Zenite LCP product lines — halogen-free polymers for high-temperature performance in eco-friendly, thin-wall applications.
“China continues to be a quickly growing manufacturing base for many global electronics and automotive customers and is home to more than 50 percent of current global demand for LCP. This investment will allow Celanese to continue innovating with our customers in this key geography and meet the rapidly growing demands for our LCP products,” said Stefan Kutta, vice president, Engineered Materials for Celanese, in a prepared statement.