Sasol Wax expands hydro-treating capacity in Germany
Posted on July 17, 2008 – 6:24 pm | by oilandgaspress.com
Sasol Wax, the leading producer and marketer of synthetic and petroleum-derived wax, announced that it is expanding hydro- treating capacity for paraffin waxes at its Hamburg plant in Germany. The project will increase paraffin wax capacity in Germany by 15 % and should be completed by mid 2009.
The expansion is part of a programme to increase global capacity in line with projected growth in key markets. The company also plans to double the production capacity of synthetic wax at its Sasolburg plant in South Africa by 2013.
“It is our strategy to grow our existing broad product portfolio significantly and to focus on value added wax applications worldwide. These capacity expansions are the basis for our growth strategy and will allow us to serve the future needs of our customers,” says Reiner Groh, group GM, Sasol Chemical Cluster.
Petroleum-derived paraffin and synthetic waxes are used amongst others, in emulsions, coatings, hot melt adhesives, inks and bitumen, in industries ranging from paper and packaging to construction, personal care, printing and tyre production.
Sasol Wax is a 100% subsidiary of the South African company, Sasol Limited. It employs 1,100 people worldwide, with its head office in Hamburg, Germany. It has a number of manufacturing facilities in Europe, South Africa and in the USA. It has an annual consolidated turnover of € 600 million and is the world’s leading producer and marketer of synthetic and petroleum derived waxes.
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Sasol may, in this document, make statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavor” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may be very different from those anticipated. The factors that could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on November 21, 2007 and in other filings with the United States Securities and Exchange Commission. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
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