Wesel/Shanghai, July 20, 2017
BYK to build new integrated site in Shanghai
Wesel/Shanghai, July 20, 2017 – BYK Additives & Instruments, one of the world’s leading suppliers in the field of additives and measuring instruments, yesterday held a groundbreaking ceremony for its new integrated site located in Shanghai Chemical Industry Park.
The company is investing over 30 million euros in the new site, which combines R&D, technical services, logistics, and administrative functions under one roof and forms the basis for the continued expansion of BYK's business operations in Greater China and the whole Asia-Pacific region.
The ceremony was attended by Jinhua Hou, Deputy Director of Shanghai Chemical Industry Park Administrative Commission; Gerd Judith, Managing Director BYK Additives & Instruments; Albert von Hebel, BYK’s Chief Financial Officer; and Dr. Dechun Fu, Managing Director BYK Greater China, as well as other distinguished guests.
F.l.t.r: Xianglu Meng, Yufei You, Jidong He, Xun Zhang (all BYK); Chun Zhang, GM Shanghai Chemical Industry Park Development Co., Ltd; Jinhua Hou, Deputy Director Shanghai Chemical Industry Park Administrative Commission; Dr. Dechun Fu, Gerd Judith, Albert von Hebel, Axel Vogelbruch (all BYK); Florian Bedenig, Project director BYK Rising Dragon
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"As a major step forward for our company, the construction of the integrated site in Shanghai is of strategic significance for the future long-term development of BYK and the ALTANA Group at large. This investment will ensure our long-term leadership in terms of R&D, customer services, manufacturing, and logistics capabilities, providing optimum products and services to our customers," says Dr. Fu Dechun, Managing Director BYK Greater China.
Gerd Judith draws particular attention to the planned application laboratories that will conform to BYK’s global standards: "We will be equipping the labs with advanced chemical synthesis equipment and precision analytical instruments and bolstering the local R&D team. We also plan to gradually introduce the latest technologies, customizing products to meet local customers’ needs".
The construction of the new site, which covers an area of over 50,000 square meters is scheduled to become operational in the second half of 2018.
BYK has recorded a healthy growth in recent years. The company has also enriched its polymer additives production lines through the acquisition of Addcomp Holland BV and PolyAd Services. In 2016, BYK's global sales reached 909 million euros, with double-digit growth in sales achieved in Greater China.
About BYK Additives & Instruments:
BYK Additives & Instruments is one of the world’s leading suppliers in the field of additives and measuring instruments. Additives are chemical substances which, when used in small quantities, improve product properties such as scratch resistance or surface gloss. Manufacturing processes are also optimized by the addition of additives.
The coatings, inks, and plastics industries are among the main consumers of BYK additives. Yet with the production of oil and gas, the manufacture of care products, the production of adhesives and sealants, and construction chemistry, too, BYK additives improve the product characteristics and production processes. Testing and measuring instruments from BYK can effectively evaluate the quality of color, gloss, and appearance as well as the physical properties of paint, plastic, and paper products and are an important part of quality control.
As a globally operating specialty chemicals company, BYK has production sites in Wesel, Kempen, Moosburg, Schkopau and Geretsried (Germany), Deventer, Denekamp and Nijverdal (Netherlands), Widnes (UK), Wallingford, Chester, Gonzales, Louisville, Rochester Hills, Earth City (USA) and Tongling (China).
Today the company employs around 2,100 people worldwide and forms part of the ALTANA Group.
This press release is also available on the Internet at www.byk.com/press.