2014-2015 Exhibitions
UK-headquartered Colloids is setting up a new masterbatch manufacturing plant in Changshu, China, with an initial investment of US$6 million. With a built up area of 3,700 sq m, the plant is scheduled to start operations in the third quarter of 2014. It will have an initial capacity of 3,500 tonnes tonnes/year with future targeted capacity of 6,000 tonnes/year. The new site, 90 km northwest of Shanghai, will service international companies with operations in China and Asia, as well as local enterprises.
Russell Livesey, Managing Director/CEO of Colloids stated: “Setting up a masterbatch manufacturing plant in Changshu is an exciting and positive development in the history of Colloids. This is part of our ongoing strategy to grow Colloids’ masterbatch presence in Asia, offering our customers the benefit of our products being produced and supplied locally and further enhancing our global capabilities.”
Livesey commented: “In view of our annual growth rates, this new masterbatch plant in the Changshu Economic and Technological Development Zone, represents a key strategic building block that enables us to serve the emerging local markets on-site with our product and service solutions efficiently”.
This development is also planned to meet the needs of the company's established western customers as they grow in China. The product range particularly targets plastic processing sectors, supplying sectors such as: automotive, electrical, white goods and consumables industries.
Colloids currently manufactures white, colour, additive and black masterbatch in the UK at two facilities, at Knowsley (near Liverpool) and Rushden (near Northampton), employing 130 people with a turnover of US$55 million. It exports over 75% of sales worldwide into sectors including packaging, automotive, construction, agriculture, cosmetics, pharmaceuticals, appliances, household, and electrical / electronic.
Colloids is part of the Tosaf Group that has a sales turnover of over EUR300 million, 120 ktonnes/year production capacity, 800 employees, 10 production sites in 6 countries and sales offices spanning over 40 countries.
(PRA)
