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Albis to increase compounding capacities in China

The company will invest in two extrusion lines to expand its compounding capacity in Changshu plant (Jiangsu province, China).

After acquiring German based Wipag Deutschland, Albis presents a new portfolio of engineering resins filled with recycled carbon fiber to the China market. This new portfolio enables Albis to offer lightweight solutions for the automotive industry and especially for the increasing EV segment. 

“In general we see that our range of highly technical and sophisticated solutions is resonating more and more with the Chinese market. As a reaction we will invest in two new extrusion lines significantly expanding our compounding capacity in our Changshu plant in the third quarter of this year, meaning we will be ready for the future and the ongoing trend towards high quality materials in all market segments relevant to us,” says Hans Rukes, Managing Director of Albis Plastic Asia Pacific.

Albis is continuing to emphasize technical differentiation and competence within the Chinese market, flanking its own brand portfolio with distribution products from international polymer manufacturers such as Covestro, Lanxess, Ineos Styrolution and LyondellBasell. The portfolio also includes Tecnaro’s line of products based on the renewable raw material lignin.

As a supplier of plastic solutions for lighting applications, the company offers tailor-made products for the automotive and E&E industries. Its proven Alcom portfolio, which entails products for use in injection molding, was expanded to include Alcom LDX grades. These light-diffusing compounds were developed for use in extruding profiles for linear LED light guides and lighting covers. Alcom LDX products are “ready-to-use” compounds with good light transmission and optimum scattering, ensuring homogenous illumination.

Albis will continue pursuing its market strategy in the Chinese market. Albis enjoyed a favorable business year in 2017, increasing its market presence substantially in both, distribution and own brand technical compounds.

“We see good growth opportunities in 2018 here in China, significantly above average market growth,” says Rukes, “and this is the reason for our major investment at our compounding site this year.”

Albis is represented in a number of China’s core regions and will be expanding its radius of activity further into the Northern part of China. In addition, Albis is working actively to expand its presence in the markets in Malaysia, Singapore, Thailand, South Korea and Japan.

Countries: China, Japan, South Korea

Terms: Asia-Pacific, Business

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This article has been edited by Basalt.Today
Source
This article has been written on JEC Composites Magazine
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