Altana Opens New Byk Site in Shanghai
18th April 2019
Byk, an affiliate of German chemical company Altana and a provider of additives and measuring instruments, is expanding its operations in the Shanghai region to meet the anticipated growth in demand in the key Chinese market. In mid-April, the chemical company opened its new site in the Shanghai Chemical Industry Park (SCIP). The Asia region accounts for one third of sales and has made a substantial contribution to Byk’s business in past decades.
Fully aligned to the needs of Byk’s development partners and customers, the new, integrated site is offering technical service and stands for expertise and innovation, success factors of Byk in specialty chemicals throughout the world.
“The new site will significantly enhance our presence in the Chinese market and will enable us to focus on individual customer solutions in the growing Asian market,” declared Martin Babilas, CEO of Altana, during the opening ceremony. “Embedded in the Shanghai Chemical Industry Park (SCIP) our new site enjoys ideal framework conditions for our innovative, differentiated additive solutions”, he added.
“Creating customer value is the core of our strategy at Byk. Optimum technical laboratory support, product innovations, and fast, reliable supply chains play a crucial role in this strategy. Thanks to the facility being opened today, we can offer our Chinese customers more direct services, as well as differentiated products that will provide an additional impetus to our business in the region,” explained Stephan Glander, Byk Division President.
Each year, Byk invests 7 to 8% of its revenue in research and development. The new five-hectare site (around 54,000 sq.m.) in Shanghai is home to laboratories, a distribution center, and administration and was constructed in just two years. Byk invested around €38 million.
Photo: The new Byk site in Shanghai is home to laboratories, a distribution center, and administration and was constructed in just two years.
For more information visit www.chemanager-online.com/en