Performance Additives has opened a manufacturing facility, its first in the
When fully operational, the plant will produce additives for the rubber and plastics industries, with special emphasis on tires, according to Michael Wolers, managing director of Performance Additives.
The chemicals will be exported predominately into the Asia-Pacific and European markets, he said. “The local market will hopefully develop over the next few years,” when the company will be looking for a 70-30 split, export vs. local.
Performance Additives, which is part of Hamburg, Germany-based Behn Meyer Europe, initially will staff the plant with eight, but that figure probably will increase to between 15 and 20 in 2012.