German firm opens oil additives plant in Singapore
A German firm has opened a plant on Singapore’s Jurong Island to provide oil additives to the Asia-Pacific region, company officials said Wednesday.
The plant, operated by Evonik RohMax Asia-Pacific, is the local subsidiary of Evonik RohMax Additives GmbH. “We can expand capacity quickly when the need arises and market demand grows,” general manager Bonnie Tully said. The plant, which opened Tuesday, includes a production unit, laboratory and logistics unit. The laboratory is to function as a research and development centre, testing and fine-tuning additives. The plant is a key part of the German parent company’s Asia-Pacific expansion plans.
The Asia-Pacific region consumes about a third of the world’s lubricants, and demand is growing at 6% a year. (m&c.com)
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