back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
01-20-2020

Construction of a PEEK Polymer Plant

Joint Venture between Victrex Subsidiary and Yingkou Xingfu Chemical

Victrex plc, Thornton Cleveleys, UK, will create a joint-venture between its subsidiary, Victrex Hong Kong Limited, and Yingkou Xingfu Chemical Company Limited, to build and operate a new PEEK polymer manufacturing facility in Liaoning, China, subject to certain performance conditions, including finalizing land purchase and permit applications.

As stated in a press release Victrex, which will be the majority partner and lead the joint-venture, will benefit by further differentiating and complementing its portfolio of PEEK and PAEK grades, in anticipation of a range of significant long-term growth opportunities across several end markets in China, as well as aligning with China’s ‘Made in China 2025’ initiative, where specifying domestically produced PEEK in certain applications is expected to gain momentum.

Established Relationship

Victrex already has an established relationship with its joint-venture partner through its monomer supply chain, with Yingkou Xingfu having significant experience of developing and operating chemical facilities in China which meet international quality, process and environmental standards.

The announcement builds on Victrex’s recent appointment of a General Manager for China and an increased commercial presence, as well as its strong technical service offering to customers, which includes its existing Technical Center in Shanghai. The investment sets the stage for Victrex to serve some of its regional customers from a local facility and in a more diverse way. The company will also oversee the management of process know-how and intellectual property during development of the polymerization process.

Investment and Start-up

Victrex’s share of the overall investment, the majority of which comprises capital investment during construction, is expected to total £ 32m funded in cash, with approximately £ 28m of capital expenditure and £ 4m of start-up costs, with commissioning of the facility anticipated in early 2022. The new plant will eventually be capable of producing up to 1500 t/a.

The joint venture will establish Victrex Hong Kong Ltd as the majority partner with a 75% share, with leadership being assumed by Victrex once the facility is operational. The investment follows on from Victrex commencing a debottlenecking project at its main Hillhouse UK facilities in FY 2020, which will add up to 1000 t/a of nameplate capacity when completed.

Additional information
  • 08-21-2019

    IATF 16949 Certification for Manufacture of Gears

    Victrex Awarded Automotive Quality Standard

    The gear design and manufacturing facility in Grantsburg, USA, has received the IATF 16949 certification.   more

  • 05-10-2019

    Investment in 3D Technology

    Collaboration of Victrex and Bond

    By linking Victrex´s material application with Bond´s 3D processing technology, the common objective is to set the path to produce functional parts which contribute to improve the performance of components.   more

Company profile

Victrex Europa GmbH

Langgasse 16
DE 65719 Hofheim (am Taunus)
Tel.: 06192 9649-0
Fax: 06192 9649-48

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents