At a glance
- CABB Group invests double-digit million euros in production and storage expansion.
- Completion targeted by end of 2019.
- Focus on Gersthofen and Knapsack sites in Germany.
- Key product: ultrapure monochloroacetic acid.
Investment Overview
The CABB Group is set to enhance its global position as a producer of ultrapure monochloroacetic acid by investing a substantial double-digit million euros. This investment aims to expand production and storage capacities at the Gersthofen and Knapsack sites in Germany.
Timeline and Objectives
The expansion project is scheduled for completion by the end of 2019. The primary goal is to offer increased flexibility and reliability to CABB's global customer base in the specialty chemicals sector.
Strategic Focus
By focusing on these key sites in Germany, CABB aims to build on the positive trends observed in its Acetyls business unit. The investment underscores the company's commitment to creating conditions for sustainable growth and maintaining a strong global footprint.
