Albemarle’s Chemetall acquires all shares Shanghai joint venture

Albemarle’s Chemetall acquires all shares of Shanghai joint venture

5:12 AM, 20th February 2015
Albemarle’s Chemetall acquires all shares of Shanghai joint venture

SHANGHAI, CHINA: Chemetall, a business unit of the US-based Albemarle Corporation, has completed the acquisition of all shares of its Shanghai Chemetall joint venture. This transaction is in line with Chemetall’s strategic market approach to further enhance its global footprint as the surface treatment supplier of choice.

“We are committed to expanding our presence in China with one voice to the customer through our wholly owned organisation. As a specialist in surface treatment, we aim to offer absolutely the best in service along with the most innovative technologies and effectively address shifting market and customer needs,” said Joris Merck, President, Chemetall.

 

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