12 December 2013
Details
Haldor Topsoe A/S's board of directors
today approved the capital investment
needed to carry out the construction
that in two primary phases will establish
a new automotive catalyst plant in
Tianjin Economic Technological Development Area (TEDA)
located roughly 100 km east of Beijing, China.
The construction of the plant has already begun and
will run over the next two years considering of
two primary phases.
* The initial phase will be ready for production
by April 2015 while
* the second phase will be ready
by early 2016.
The total capital investment needed to complete
the entire production plant is approximately
900 million DKK.
The catalyst production plant in Tianjin
will be focused on manufacturing products
that can be used to
remove NOx
from the engine exhaust of diesel vehicles
namely medium and heavy duty vehicles
such as light commercial vehicles, buses and trucks.
Once complete the chinese production plant
will be Haldor Topsoe's
third production plant in the world
in addition to its two current sites in
* Denmark, Frederikssund
* USA, Texas, Houston.
Haldor Topsoe,
Bjerne S. Clausen, CEO
- We are pleased that the Topsoe board of directors
has approved the capital investment
to build our new plant in China.
- The Tianjin facility will significantly strengthen
our presence and market position in China and
we remain confident that the regulatory measures
being taken by the Chinese Government to
curb air pollution will create opportunities for us
in the field of automotive catalysts.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
