PMC Biogenix Announces Expansion and Restructure
June 21 2024 - 5:00PM
Business Wire
PMC Biogenix, the leading sustainable producer of specialty
fatty amides and high-value biobased products, announces the
construction and expansion of its new Armoslip® facility in
Gyeongju, South Korea allowing for a production capacity increase
of 50%. Construction will begin late 2024 with new supply available
by mid-2026.
“We are excited to announce plans to build a new facility in
Gyeongju. This investment will allow us to significantly increase
production capacity to meet growing customer demand for our
Armoslip products,” said Debtosh Chakrabarti, President, PMC Group
N.A., Inc. Adding, “This project solidifies our commitment as the
industry leader, delivering products and solutions to our
customers, as well as to the local Gyeongju community. We
appreciate the continued support of the Gyeongju, South Korea local
government, community, and our customers.”
As part of PMC’s ongoing commitment of ensuring long-term
sustainability and success of the Biogenix business world-wide, a
comprehensive strategic product review of the Memphis facility was
conducted resulting in a focus on higher value Fatty Amides and
Bisamides (Armoslip® and Kemamide®), Glycerol Esters (Kemester®),
Metallic Stearates (Lubrazinc®), and Specialty Esters (Kemester®)
and the decision to exit the merchant market for certain commodity
bulk fatty acids. This restructuring will enhance operational
efficiencies, focus on core strengths, align resources with market
demand and bolster PMC’s oleochemical derivatives business.
About PMC PMC Group is a growth oriented, diversified,
global chemicals and plastics company dedicated to innovative
solutions to everyday needs in a broad range of end markets
including plastics, consumer products, electronics, paints,
packaging, personal care, food, automotive and pharmaceuticals. The
Company was built on a sustainable model of growth through
innovation while promoting social good. PMC operates from a global
manufacturing, innovation and marketing platform with facilities in
the Americas, Europe and Asia. More information about PMC and its
activities around the world can be found at www.pmc-group.com.
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Clarke McGuire +1 856-638-2807 cmcguire@pmc-group.com