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Haldor Topsoe Invests EUR 121 million in Chinese Catalyst Plant
16 December 2013
The board of directors of Haldor Topsoe have approved the capital investment of EUR 121 million to carry out the construction of a new automotive catalyst plant in Tianjin Economic Technological Development Area (TEDA), located roughly 100 km east of Beijing, China.
The construction of the plant has already commenced and will run over the next two years in two primary phases. The initial phase will be ready for production by April 2015, while the second will be ready by early 2016.
The catalyst production plant in Tianjin will focus on manufacturing of products used to remove NOx from the engine exhaust of diesel vehicles, namely medium and heavy duty vehicles such as light commercial vehicles, buses and trucks.
“We are pleased that the Topsøe board of directors has approved the capital investment to build our new plant in China. The Tianjin facility will significantly strengthen our presence and market position in China and we remain confident that the regulatory measures being taken by the Chinese government to curb air pollution will create attractive opportunities for us in the field of automotive catalysts”, says Bjerne S. Clausen, CEO of Haldor Topsøe.
Once complete, the Chinese production plant will be Haldor Topsoe’s third production plant in the world. Currenlty, Haldor Topsoe have two current sites in Frederikssund, Denmark and Houston, Texas.
Source: Haldor Topsøe
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