Victrex has announced the creation of a joint venture between its subsidiary, Victrex Hong Kong Limited, and Yingkou Xingfu Chemical Company Limited, to build and operate a new polyether ether ketone (PEEK) polymer manufacturing facility in Liaoning, China.
According to the company, it will be the majority partner and lead the joint venture. Victrex adds that it anticipates long term growth opportunities across several end markets in China and will aligning with the country’s ‘Made in China 2025’ initiative. The new plant will reportedly be capable of producing up to 1,500 tonnes per annum.
‘This investment is in line with our record of not only investing ahead of demand, but in complementing and further differentiating our range of PEEK and PAEK [polyaryletherketone] grades, as well as setting the stage for specific geographic growth, whereby we can capitalize on the significant opportunities in China and the Asia Pacific region by having a competitive manufacturing presence there,’ said Jakob Sigurdsson, chief executive of Victrex.
This story uses material from Victrex, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
