Lucite International, one of the world’s leading manufacturers of acrylic products and owner of the renowned Lucite® and Perspex™ brands, announces today that it is to build a 120kT manufacturing facility in Singapore using its innovative and proprietary Alpha Technology. The plant, scheduled for completion at the end of 2007, will produce methyl methacrylate - the basic building block of the acrylic industry.
The Alpha process, developed by Lucite International for over 10 years at its research centre in the UK, offers economic and environmental benefits over existing manufacturing routes and utilises novel catalyst systems also developed by Lucite International.
The search for a suitable location for this “First in Class” production facility has taken over a year with many high quality sites being considered across the World. Singapore was finally chosen because of the established and vibrant nature of its chemical industry, the availability of high quality and well trained staff, proximity to the Asian market and the ongoing support of the Singapore Economic Development Board.
Detailed design work for the new plant has begun and, subject to satisfactory conclusion of commercial agreements, construction will commence in June 2006. On completion the Singapore plant will join others operated by the Lucite International Group located in the US, UK, Taiwan and a new plant coming on stream in China. Lucite International is the world’s leading producer of methyl methacrylate supplying around 25% of the global volume.
Commenting on today’s announcement, Ian Lambert, Chief Executive of Lucite International, said: “Singapore offers a number of clear advantages to fast growing chemical companies like Lucite International and represents an excellent location to progress our novel Alpha Technology through the commercial phase of its development.”
Mr Teo Ming-Kian, Chairman of the Singapore Economic Development Board, said: “We warmly welcome Lucite International’s decision on Singapore. This is a strong vote of confidence in Singapore’s attractiveness as a global hub for chemicals and highlights the capability of our workforce in helping to bring a new technology to market.”
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