Ashland
Specialty Ingredients, a commercial unit of Ashland Inc. (NYSE: ASH), today
announced that it would expand capacity at its Natrosol™ hydroxyethylcellulose
(HEC) production facility in Nanjing by 4,000 metric tons, or approximately 40
percent, over the next 18 months.
The
four-year-old facility, which employs more than one hundred workers, is located
within the Nanjing Chemical Industrial Park, a modern, highly integrated
chemical manufacturing complex. Natrosol is a cellulosic polymer used as
an additive in a wide variety of industrial and consumer products, including
latex paints, paper coatings and personal care items such as shampoos and
shower gels.
The
additional capacity will come on line in two phases. The first 2,000 metric tons
will be available in early 2015 to support the spring paint season, and the
second 2,000 metric tons will be available in late 2015.
“By
expanding our production capacity for HEC, we will be positioned to meet
increasing demand from our customers and support them in contributing to a
sustainable development,” said William Zhao, business head, Ashland Specialty
Ingredients, Greater China region. “It also underlines our confidence in the
fast-growing industrial and consumer markets in China and the Asia Pacific
region.”
Added Ed
Connors, group vice president, Industrial Specialties, Ashland Specialty
Ingredients: “This major investment demonstrates Ashland’s ongoing commitment
to the strategic HEC business and solidifies Ashland’s strong leadership position.
We believe this investment will allow us to continue to serve the growing needs
of our customers. With HEC assets in the United States, Europe and
Asia, Ashland remains the only company with this unique capability.”
Visit
ashland.com to learn more.