Chemicals company Croda has this week celebrated the expansion of its alkoxylation facilities on Jurong Island, Singapore.
The expansion comes as part of the company’s global strategy to provide innovative solutions to consumers in the fast growing markets of Asia Pacific. Croda invested £18 million into the site, which will double capacity and provide flexibility to develop new chemistries.
The expansion is the company’s biggest investment in Singapore since the plant was built. Mr. Julian Yeo, Managing Director – Operations at Croda said, “Our investments in Singapore are an important part of our larger strategy to continue to create innovation for Asia. Croda is also making significant investments in our capabilities in China, Japan, Indonesia and India to respond faster to customer needs.”
According to the company, the expansion has positively affected the economy in Singapore with the design and construction spanning the last two years and the employment of new skilled jobs at the Jurong Island site to run the new facility.
In addition to these expansions in Asia, Croda has recently announced a £120 million capital investment in North America that will lead to 100 percent sustainable non-ionic surfactants from bio-ethanol.