Air Products Announces Intent To Build Facility In Brazil
According to the company, the plant, which is slated to be completed by 2003, will provide innovative and cost-effective emulsions to South America’s expanding adhesives markets.
“This strategic investment demonstrates our commitment to provide the best product technology to customers in South America,” said Frederick W. Fisher, chemical group vice president and general manager, Latin America.
“Because of our intention to price imported products more competitively, the regional adhesives industry will be able to immediately start using state-of-the-art emulsions technology that, until now, has only been broadly cost competitive in the United States, Europe and Asia.”
The plant is the second major chemical investment by Air Products in the region. The company previously acquired Quimica Da Bahia, Brazil, which serves the Latin American amines markets.
Two products from the AIRFLEX product line, the AIRFLEX 300 and the AIRFLEX 400, will be manufactured at the new facility.
Air Products also has plants in Germany, Mexico and Korea along with six plants in the United States.