Momentive UPC joint venture produce phenolic resins in China

Momentive and UPC joint venture to produce phenolic resins in China

10:58 PM, 15th December 2011
Momentive and UPC joint venture to produce phenolic resins in China

COLUMBUS, US: Momentive Specialty Chemicals Inc, a leading global producer of specialty chemicals and materials, and UPC Technology Corporation, a leading Greater China-based producer of specialty chemicals, have signed a joint venture agreement that will build manufacturing capability in China to produce specialty phenolic resins.

Momentive Union will build its first manufacturing plant in Zhenjiang, Jiangsu, China, adjacent to an existing UPC Technology Chemical manufacturing complex. The new plant will produce a full range of specialty novolac and resole phenolic resins, sold under industry-leading trade names including BakeliteTM resins and Durite resinsTM.

“We believe Momentive’s global leadership in phenolic resins technology, coupled with the regional strength and infrastructure of UPC in Greater China will create a formidable new player in the Greater China market for these versatile materials,” said Ian Harris, General Manager, Momentive Union.

Construction is expected to commence in early 2012 after engineering design work and permitting is completed, with completion and commissioning anticipated during the first quarter of 2013.

“The Zhenjiang project will expand the companies’ capability to meet growing demand from customers in China with local manufacturing and solutions tailored to their specific applications,” said Harris.

© WOC News



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