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Ashland Specialty Ingredients has announced plans to invest approximately US$89M over the next three years to expand speciality chemical production at its manufacturing facility in Hopewell, Virginia, USA.
The majority of the investment will be aimed at expanding production of two key product lines. Natrosol hydroxyethylcellulose (HEC), used as a thickener in latex paints, will increase by 4700t/yr or approximately 40% and Klucel hydroxypropylcellulose (HPC), used to enable time-release delivery coatings and other applications, will increase by approximately 50%.
