Ingevity increases capacity at activated carbon plant in Zhuhai, China
February 16 2021 - 3:15PM
Business Wire
Ingevity Corporation (NYSE: NGVT) has expanded its activated
carbon production capacity following significant debottlenecking
and equipment upgrades completed and verified in late December at
its facility in Zhuhai, China. The plant upgrades have effectively
increased its capacity by an additional 15% to 20%, helping
Ingevity meet the high global demand for its premium, high-capacity
pelletized carbon products, used primarily in gasoline vapor
emissions control systems in cars, trucks, motorcycles and
boats.
The Zhuhai plant has been in operation since 2015 and includes
activated carbon production and a state-of-the-art automotive
applications laboratory. Ingevity also operates an extrusion
facility in Changshu, China; an activated carbon production plant
in Wickliffe, Kentucky; an activation and extrusion plant in
Covington, Virginia; and a “honeycomb” scrubber plant in
Waynesboro, Georgia.
“We continue to see unprecedented demand for our activated
carbon products for gasoline vapor emissions control solutions as
the global automobile industry works to refill its vehicle
inventory pipelines,” said Ed Woodcock, executive vice president
and president, Performance Materials, at Ingevity. “Over the last
five years, we’ve improved the activation process at our Zhuhai
facility, identified bottlenecks and, ultimately, implemented a
plan to increase capacity of our world-leading automotive
materials. We are excited about expanding our capacity to better
supply the world’s largest vehicle market.”
Ingevity has produced and sold activated carbon for more than a
century, including more than 40 years in the automotive market.
With more than 900 million units installed globally, Ingevity is
the global leader in the automotive evaporative emissions control
application.
Ingevity: Purify, Protect and Enhance Ingevity provides
products and technologies that purify, protect, and enhance the
world around us. Through a team of talented and experienced people,
we develop, manufacture and bring to market solutions that help
customers solve complex problems and make the world more
sustainable. We operate in two reporting segments: Performance
Chemicals, which includes specialty chemicals and engineered
polymers; and Performance Materials, which includes
high-performance activated carbon. These products are used in a
variety of demanding applications, including asphalt paving, oil
exploration and production, agrochemicals, adhesives, lubricants,
publication inks, coatings, elastomers, bioplastics and automotive
components that reduce gasoline vapor emissions. Headquartered in
North Charleston, South Carolina, Ingevity operates from 25
locations around the world and employs approximately 1,750 people.
The company is traded on the New York Stock Exchange (NYSE: NGVT).
For more information visit www.ingevity.com.
About Forward-Looking Statements This press release
contains “forward-looking statements” within the meaning of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995. Such statements generally
include the words “will,” “plans,” “intends,” “targets,” “expects,”
“outlook,” or similar expressions. Forward-looking statements may
include, without limitation, production plans, expected financial
positions, results of operations and cash flows; financing plans;
business strategies and expectations; operating plans; and the
impact of COVID-19. Actual results could differ materially from the
views expressed. Factors that could cause actual results to
materially differ from those contained in the forward-looking
statements, or that could cause other forward-looking statements to
prove incorrect, include, without limitation, adverse effects from
the COVID-19 pandemic; adverse effects of general economic and
financial conditions; risks related to international sales and
operations; and the other factors detailed from time to time in the
reports we file with the SEC, including those described under "Risk
Factors" in our Annual Report on Form 10-K and other periodic
filings. These forward-looking statements speak only as of the date
of this press release. Ingevity assumes no obligation to provide
any revisions to, or update, any projections and forward-looking
statements contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210216005305/en/
Amy Chiconas
843-746-8197 amy.chiconas@ingevity.com
Investors: Jack
Maurer 843-746-8242
investors@ingevity.com
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