Bostik Expands Production Capacity in Malaysia
Malaysia:
Bostik, one
of the business lines of Arkema, which deals in specialty adhesives business has
expanded the production capacity of the cementitious products at its
manufacturing facility located in Malaysia. The expanded facility would be
involved in the manufacturing of cementitious construction products, floor
levelling compounds, tile grouts, wall finishing products and
ceramic tile adhesives. Cementitious products produced by the company at the
Seremban facility are based on the Polymer Modified Binder (PMB) Technology,
which is the most significant area of company’s innovation and R&D
activities. In 2014, the company had also opened a manufacturing facility in
the country in Johor Bahru.
TechSci Research depicts that
expansion of the manufacturing capacities is expected to strengthen the
position of Bostic and enhance its operations in the country. This would also
help the company to cater to the growing demand for construction products in Central
Malaysia, Sabah, Kuala Lumpur and North Malaysia.
According to a recent report published by TechSci Research, “GCC
Construction Chemicals Market By Type, By End User, Competition Forecast &
Opportunities, 2011 – 2021”, construction chemicals market in the GCC
region is projected to grow at a CAGR of over 7% during 2016 to 2021. Demand
for construction chemicals, which are used in construction materials to speed
up construction activities or improve durability of existing structures, is
expected to grow on account of rising investments in construction of
residential complexes as well as commercial sector. Additionally, rising
expenditure on infrastructure projects by the government is further aiding the
region’s construction chemicals market. Some of the major companies operating
in the GCC construction chemicals market include BASF, FOSROC, Sika, Dow Menat,
Chryso Gulf and Saudi Basic Industries Corporation.