CABB Group in Sulzbach, Germany plans to invest double-digit million euros to expand production of ultrapure monochloroacetic acid by 2019. The goal is to increase flexibility and reliability for global customers. CEO Valerie Diele-Braun aims to strengthen the company's global presence and ensure sustainable growth.
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."