"We are taking a large step forward in our Asia Pacific strategy,” stated Dr. Joachim Leluschko, head of the High Performance Polymers (HP) Business Unit of Degussa GmbH, Germany, at a cornerstone ceremony for a specialty polyamides polymerization and compounding plant in Shanghai. As he explained, "This investment in the single-digit million euro range will enable Degussa to substantially expand its presence in the attractive Chinese growth market." The plant is scheduled for completion in late January 2008, and deliveries of its products to Asian customers are to start as early as the end of the first quarter of 2008.
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