- Grillo invested low tens of millions in the new plant.
- Since 2007, Grillo has invested over €50 million in Höchst.
- The plant will produce 10,000 tonnes of dimethyl ether.
- Grillo acquired a license from Mitsubishi Gas Chemicals.
Investment in New Plant
Grillo AG has made a significant investment in a new chemical plant at the Höchst Industrial Park in Frankfurt. The plant, which manufactures dimethyl ether, represents a substantial financial commitment, with the company investing low tens of millions of euros. This move is part of a broader investment strategy, as Grillo has invested over €50 million in the Höchst location since acquiring the Clariant operation in 2007.
Production and Employment
The new plant is set to produce 10,000 tonnes of dimethyl ether, a chemical used as a propellant in products like hair spray, paint cans, and cosmetics. This production capacity will not only meet internal processing needs but also supply the market, opening new revenue streams for Grillo. The Frankfurt operation currently employs over 130 people, contributing to the local economy.
Strategic Importance
Grillo's decision to produce dimethyl ether in-house, rather than purchasing it externally, is strategically important for the company. The plant's establishment marks Grillo's intent to become a significant player in this market. The company has acquired a license for the new plant from Mitsubishi Gas Chemicals, underscoring the importance of this strategic move.
Location Competitiveness
According to Mr. Mohr, Managing Director of Industrial Park Infräserv Höchst, this investment confirms the competitiveness of the Höchst location. The decision to invest in a high-wage area like Frankfurt, rather than opting for lower-cost regions, highlights the strategic value and potential of the Höchst Industrial Park.
