05/24/2017 11h52

With the support from Investe SP, SI Group completes expansion in Rio Claro

New state-of-the-art facility provides high efficiency and reduced resource consumption; Company invests US$ 20 million in project assisted by Investe SP

Investe São Paulo

SI Group, a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions announced today the completion of its new manufacturing plant in Rio Claro, Brazil.

The Rio Claro plant expansion project included an investment of more than US$ 20 million for the purchase and installation of a new formaldehyde plant; an expansion of the existing resin plant; a new production control room; a new warehouse for finished products and a new flammable product shelter.  These new investments will result in an additional 80,000 tons in the annual production capacity of resins and formaldehyde.

The project relies on the support from Investe São Paulo, the investment promotion agency associated with the Department of Economic Development, Science, Technology and Innovation of the state of São Paulo.“The state of São Paulo has all the infrastructure and logistics chain for the development of the chemical sector, and the new plant of SI Group comes to further complement this structure,” said Ermínio Lucci, investment director of the Agency.

The new formaldehyde plant is equipped with world-class technology for high efficiency and reduced resource consumption, including:

• zero solid or liquid waste generation;• reduced carbon emissions;• more than 30% reduction of natural gas consumption;• enhanced recycling and reuse of high-pressure steam;• innovative emissions control system to remove pollutants, performing far better than global limits; and• high-performance automation and safety features for enhanced operator safety.

“This is an important step for our company, as we are completing a series of investments that allows the Rio Claro plant to be in a much more ecological and competitive position, prepared to better serve our customers now and in the future,” says João Paulo Porto, Vice President for South America.

As a result of this investment, SI Group consolidates all its Brazilian operations in Brazil.The expansion is in line with the company’s Vision 2020 – developing solutions that address global megatrends, such as the environment, resource scarcity, mobility, and demographic change. These megatrends serve as a guideline for the company’s growth and expansion efforts.

About SI Group

SI Group is a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions that are critical to the quality and performance of countless industrial and consumer goods.Founded in 1906 and headquartered in Schenectady, New York, USA, SI Group is a family-owned company with over 2,700 employees worldwide.SI Group operates 20 manufacturing facilities on five continents, with more than $ 1 billion in annual sales.In 2016 and 2017, SI Group received a silver award for corporate social responsibility by EcoVadis, and is ranked among the top 13 percent of more than 25,000 companies worldwide.SI Group - The Substance Inside.For more information, please visit www.siigroup.com.