DOMO Chemicals has broken ground on a new plant in Haiyan, Jiaxing, Zhejiang, China, which will produce TECHNYL polyamide-based grades.
The €14m ($16.7m) plant, covering a total area of 40,000 sq m, is expected to be fully operational by the end of Q1 2024 and will be gradually expanded to reach a total capacity of 50 kt.
It represents a significant investment for the company and will contribute to DOMO’s innovation and sustainability goals. The plant is strategically located in Haiyan’s vibrant economic development zone, in the Zhejiang Province, which borders south of Shanghai.
DOMO Chemicals has been active in China since 2016, operating a nylon compounding plant in Jiaxing based on virgin and sustainable solutions. The new plant will be equipped with the latest technology and equipment to meet customer needs and will play a key role in DOMO Chemicals’ strategy to expand its presence in the Asian market. The development zone will also be home to leading manufacturing industries covering electronics, new energy, new materials, and high-end equipment.
DOMO Chemicals’ CEO, Yves Bonte, expressed his enthusiasm at the groundbreaking ceremony, saying: “This is a significant milestone in our commitment to sustainable growth and innovation. We are excited to expand our operations in China and look forward to serving our customers across the automotive, electronics, energy and industrial and consumer goods sectors with the highest quality products and services. I want to personally thank the DOMO Chemicals team and all local authorities for the outstanding collaboration.”
Fabrizio Cochi, General Manager Asia, added: “The event marks the beginning of a new chapter in the history of DOMO Chemicals, as the company continues its success and growth throughout the entire Asia region. The new plant will not only increase the company’s competitiveness in the growing Asian polyamide market but also bring job opportunities and contribute to the development of the local economy.”