Chemical company CABB Group plans to invest millions of euros to expand its production and storage capacities for ultrapure monochloroacetic acid. The investment aims to increase flexibility and reliability for customers worldwide. The company serves specialty chemicals customers and supplies monochloroacetic acid and derivatives from its sites in Germany and China. The CEO of CABB Group, Valerie Diele-Braun, stated that the investments demonstrate the company's commitment to sustainable growth and expanding its global footprint.
Sulzbach (Taunus), Germany – The CABB Group plans to further build on its global position as a producer of ultrapure monochloroacetic acid. The company has earmarked an investment figure well into the double-digit million euros range for expanding its production and storage capacities by the end of 2019. Work will focus on the Gersthofen and Knapsack sites in Germany. CABB serves a broad spectrum of specialty chemicals customers, supplying monochloroacetic acid and derivatives from its sites in Germany and China.
"The goal of this investment program is to offer an even higher degree of flexibility and reliability to our customers worldwide," says Carsten W. Woerner, General Manager of Business Unit Acetyls.
Valerie Diele-Braun, who took over as CEO of the CABB Group at the end of August adds: "We want to continue to build on the extraordinarily positive trend seen at our Acetyls business unit and expand our strong global footprint. These extensive investments reaffirm our commitment to establish the right conditions for sustainable growth."