Dynea International Oy has approved a plan to build a formaldehyde and resins plant in Hatyai, in Southern Thailand. The plant will supply the fast growing wood panel industries in the region. The plant’s initial manufacturing capacity of nearly 60,000 tonnes per year of adhesive resins with provision for further expansion to more than 100,000 tonnes. These formaldehyde-based adhesives resins will be used mainly in the manufacturing of panel boards, such as particle board and MDF. The plant is expected to go on line at the end of 2005.
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