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| China Jiaxing new plant inside building |
DOMO Chemicals, a leader in engineered technical materials, inaugurated its newest plant in Haiyan, Jiaxing, Zhejiang, China. The €14 million (RMB 100 million) investment represents a potential doubling of DOMO's commitment to the Chinese market, with the new plant capable of increasing the current capacity of 25,000 tons of TECHNYL® polyamides to 35,000 tons and eventually 50,000 tons in the long term. Covering an area of 40,000 square meters, the state-of-the-art facility underscores DOMO's unwavering commitment to providing high quality products and services to its customers in key sectors such as automotive, electronics, energy, industrial and consumer goods.
Yves Bonte, CEO of DOMO Chemicals, emphasizes the company's dedication to customer-centric innovation: "Our steadfast commitment to staying close to customers, both geographically and through innovative products, is at the heart of DOMO's success. We have strong and growing partnerships in crucial sectors like e-mobility and green energy in Chinese markets. The investment also serves our global mission of engineering polyamide solutions that contribute to the planet and the people, sustainably and for the better."
Since 2016, DOMO Chemicals has experienced robust growth in China, marked by a series of capacity expansions at its Jiaxing facility. With a 20% increase in annual sales, the latest expansion efforts have resulted in the groundbreaking of the new plant in Haiyan.
The opening ceremony was held on the occasion of Chinaplas, one of the world's leading technology-oriented plastics and rubber trade fairs. As China's demand for electric vehicles and lithium-ion batteries grows, a major focus of Chinaplas was on the development of battery electric vehicles (BEVs). For the first time, the busy DOMO booth featured a dedicated e-mobility charging station with models of battery packs and chargers. Visitors were particularly interested in solutions for e-mobility and urbanization, with DOMO experts demonstrating breakthroughs in lightweighting and cross-car beams through 3D printed models.
