"Dynea’s investment in this state-of-the-art resin plant in Nanjing is a strong statement of Dynea’s commitment to customers in Eastern China and our belief in continued growth in the Chinese economy," says Hans Pettersson, president and ceo of Dynea.

The plant produces phenolic and amino (UF, MUF, PMUF) resins. The phenolic resins are used mainly by the plywood and bamboo industries and by other manufacturers in industrial applications such as mineral wools and abrasives.

Also, the amino resins are used for a wide variety of applications, such as wood based flooring, panels, furniture, load-bearing constructions and wooden building products. The plant has an annual production capacity of 80,000 tons and employs some 60 persons.