Infineum signs LOI to start Phase II of Zhangjiagang additives plant
Infineum held a ceremony with the Zhangjiagang Free Trade Zone on 8 January 2020 to mark the signing of the letter of intent to begin its integrated manufacturing base phase II project in Zhangjiagang, Jiangsu province.
Infineum Zhangjiagang plant first began production in March 2016, as the company’s first wholly owned blending plant in China. Phase I covers an area of 100,000 square metres and can produce 100,000 tonnes of lubricant additives per year. Phase II, a multi-million U.S. dollar investment will cover an area of more than 130,000 square metres and will increase capacity to ensure Infineum can meet the rising demand for high-end lubricants in China and the Asia-Pacific region.
The Phase II signing ceremony, held at the Jiyang Lake Hotel in Zhangjiagang, was attended by distinguished representatives from the Zhangjiagang municipal government, including: Mayor of ZJG Municipal Government Pan Guoqiang and Standing Member of ZJG Municipal Party Committee, Deputy Secretary of ZJG Free Trade Zone Party Work Committee Shi Xixian. The ceremony was also attended by Infineum senior leaders, including Trevor Russell, CEO; Philippe Creteur, EVP of Global Sales; and, Mike Chen, Infineum China President.
“I would like to congratulate Infineum on its latest milestone in China! We thank Infineum for continuing to expand its operations and increase investment here in Zhangjiagang. Over the past several years, we have been pleased to witness Infineum leading by example as a responsible corporate actor upholding its commitments to environmental protection, energy efficiency, and safety operation. I believe the growth of China’s transportation industry holds great promise for Infineum, especially as the auto industry’s demand grows for high-quality products and green technologies,” Pan said during the signing ceremony.
Russell, who also spoke at the ceremony said, “At Infineum our purpose is to create a sustainable future through innovative chemistry. We are one of the world leaders in the design and manufacture of transportation additives, products that allow internal combustion engines and transmissions to operate using less fuel, generating fewer emissions and allowing longer time between oil changes.
This important expansion of our manufacturing capabilities here in Zhangjiagang will support the growing demand of ever more complex products for our customers in China and the wider Asia Pacific region.”
“We are excited about this significant milestone in our China business expansion. The long-term trust and support of our customers as well as our industry partners are a cornerstone of Infineum’s continued growth in China. Through close ongoing collaboration, we remain committed to furthering the sustainable development of China’s transportation industry and serving the market with high-quality, high-value products and technologies,” said Chen.
The Infineum Group of Companies is a world-class petroleum additives enterprise, with global headquarters in Milton Hill, UK, Infineum has Business & Technology centres in the U.S.A., UK, Singapore and China, with sales representation in more than 70 countries.
