U.S.-based Chem-Trend (Howell, Mich.), a global manufacturer of release agents and other process chemical specialties for the die casting, rotational molding, general rubber, polyurethane, tire, thermoplastics and composites industries, announced its new investment in China. The announcement was made by Chem-Trend president and CEO Mike Quinn.
The new 300,000-ft2 complex, located in Qingpu, near Shanghai, was built for joint use between Chem-Trend and its sister company, Munich-based KlÃ¼ber Lubrication (KlÃ¼ber), for the production of release agents and specialty lubricants.
"Our new manufacturing facility in China will allow Chem-Trend to better serve our customers with premium release agents in the rapidly expanding Chinese market,"says Quinn. "As part of our globalization strategy, it is Chem-Trend's desire to provide superior technology, high-quality products and responsive technical support to help our customers maximize their processing cost efficiency and productivity.â€
The burgeoning Chinese market prompted the decision to invest in the region, according to Quinn. Particularly strong-growth sectors include the automotive, plastics, footwear, tire and composites industries.
With capital investment of roughly 200 million RMB ($28 million USD), the new production facility is one of the largest investments by Chem-Trend and KlÃ¼ber, both of which have been active in China for decades.
The new site is based on state-of-the-art production and logistics management, and is designed for a maximum annual capacity of almost 13,000 metric tons of release agents and lubricants. The site layout includes an optional reserve of more than 200,000 ft2, which is intended to house a technical service and research laboratory.
Chem-Trend and KlÃ¼ber currently employ roughly 170 associates in China, the majority of who are based at the Qingpu site. Most of the new jobs at both companies have been in production, logistics, and technology.