Albis Plastic GmbH, Hamburg, is investing 10 million Euros in the construction of a new compounding facility in China. On a site covering 5,000 sqm in Changshu (90 km to the west of Shanghai) the company is erecting a production plant to produce the ALBIS brands Altech and Alcom.
The plant is due to be operational at the latest by the middle of 2013. The future facility will initially be able to produce 10,000 annual tonnes. The goal is to meet the requirements of the European customers and supply high quality Albis compounds locally from this site.
Albis Plastic will also be focussing on acquiring and supplying local Chinese OEMs and level 1 and level 2 suppliers that will profit from the benefits of the local production. The product range specifically targets the plastic processing sectors, such as the automotive, electrical, white goods and consumables industries.
"The new Albis site in China takes our globalisation strategy for Albis' own compoundsone step further. The expansion of our production capacities in China represents more growth for Albis Plastic and, in combination with our existing plants in Europe, is another important element in our global customer supply system", explains Dr. Jörg Schottek, CEO at Albis Plastic GmbH, and explains the background: "We expect an annual growth in the demand for technical plastics in China of around 14 percent over the next few years.
At the same time, the demand among existing and potential customers for top quality products produced locally is also growing. We want to meet these demands from the market via our site in Changshu and go up against the local suppliers making full use of our technological headstart. Up to 90 percent of the value creation, including the purchase of raw materials, will be generated locally."
Albis builds compounding plant in China
Read more: Investments 344