England based Synthomer to invest €20Mn ($21.2Mn) in its dispersion plant in Worms, Germany. The project is expected to complete by third quarter of 2018.
The fresh investment is expected to fully automate production lines for Acrylic-Dispersions. Synthomer will also add some new production lines. The total investment is expected to add some 30,000 tons to its existing production capacity.
Synthomer is a United Kingdom-based specialty chemical company. The Company supplies lattices and specialty emulsion polymers for markets, including paper and board, constructions and coatings, health and protection, functional polymers, performance polymers, and carpet, compounds and foam. The company traces its roots back to 1863, when Andrew Yule founded a trading house known as Andrew Yule & Co. in Calcutta, India.