 "Altana raises production capacity for BYK additives in US")
German specialty chemicals group Altana has opened its BYK USA Inc expanded facility in Wallingford, Connecticut. With this state-of-the-art plant, BYK more than doubles production capacity in the US and increases worldwide supply chain security for its additives. The expansion project represents a $ 50 million investment from Altana, the largest single investment the Group has made outside of Germany. “Today marks a very important moment in Altana’s growth strategy. With this expanded facility we will accelerate our growth in North America,” said Dr Matthias L Wolfgruber, CEO, Altana AG.
Currently, Altana operates eight subsidiaries, 18 production facilities and 19 laboratories in the US. With more than 1,000 employees here, the company generated sales of around Euro 290 million, or 16 percent of its entire global business in 2013.
“This expansion enables us to efficiently service our US customers with an enhanced portfolio of BYK additives manufactured in a facility built to the highest standards of safety. We are fully committed to investing in our customers’ future and to growing our business,” said Dirk Plas, President, BYK USA Inc.
Currently, Altana operates eight subsidiaries, 18 production facilities and 19 laboratories in the US. With more than 1,000 employees here, the company generated sales of around Euro 290 million, or 16 percent of its entire global business in 2013.
“This expansion enables us to efficiently service our US customers with an enhanced portfolio of BYK additives manufactured in a facility built to the highest standards of safety. We are fully committed to investing in our customers’ future and to growing our business,” said Dirk Plas, President, BYK USA Inc.