ICI has announced its intention to build a new Elotex Redispersible Powder Polymers manufacturing plant in China as part of its strategy to grow aggressively in that country and the Asia Pacific region. ICI is currently in the process of selecting the plant location. The new facility for Elotex, a business unit of National Starch and Chemical Co., a member of the ICI Group, is scheduled to begin operations in 2008 and will have a production capacity of approximately 20,000 tons per year. The market for redispersible polymer powders, which are used in many construction applications, has been growing for several years and is accelerating, particularly in the newer markets of China and Eastern Europe. According to company officials, construction techniques that improve energy conservation are major drivers of this growth, and Elotex supplies critical components in thermal insulation systems. ICI currently has seven major facilities in China producing decorative paint, adhesives and other goods for China and the Asia Pacific region. Three more facilities are to be completed by 2008, including the Elotex plant. ? www.elotex.com ? www.nationalstarch.com
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