Evonik Industries recently announced a significant expansion of its oil additives plant in Singapore, which is scheduled to be completed in early 2015. With ongoing improvement projects to be finalized during the first half of 2014, the optimizations and planned expansion will nearly double the capacity of the Singapore plant.
The expansion is in response to the above-average growth in the oil additives market due to expanding mobility and increasing demand for high-performance lubricants with higher additive content in Asia. Once completed, the Singapore plant will be the largest of six oil additive production sites owned by Evonik.
"Our expansion strategy supports the growth of our customers directly from a modern, efficient local production center, with logistics that make a contribution to resource efficiency at the same time," says Evonik's Dr. Thomas Haeberle.
Among the factors supporting the expansion at the existing Singapore location included the supply-chain logistics, existing infrastructure and a skilled workforce as well as local support from the Singapore Economic Development Board.
Designed to improve productivity and fuel efficiency, Evonik's oil additives are a key component of formulated finished lubricants used in the automotive industry and other industrial applications. The specialty chemicals company markets its oil additives under the brand name Viscoplex.
For more information, visit www.evonik.com.