New Chemetall Joint Venture in China Starts Operating

In September, the recently established Chinese joint venture of the Chemetall Group, Chongqing Chemetall Chemical Co. Ltd., started operating.

The latest joint venture of the Group produces and distributes high-quality chemicals for metal surface treatment. Customers are the automotive and bicycle industries, manufacturers of domestic appliances, steel industry and all the other metal processing industries such as wire producers in the industrial region of North-west China. As a result, the Chemetall Group is now represented in the "Middle Kingdom" by two companies with their own production.
Chemetall has a 55 percent share in the new joint venture directly and via its JV Chemetall Shanghai Chemicals Co. Ltd., 45 percent are in possession of the Chongqing Zhongtian Environment Protection Industry (Group) Co. Ltd., a leading private company in the province of Chongqing.

Besides their respective capital share the local JV partner makes available state-of-the-art production and laboratory capacities as well as personnel, while Chemetall provides technology, process and know-how. Through the Chinese partner, the new JV has had very good contacts to the local industry right from the start and existing outlets for cleaners, sealants and water treatment chemicals. Mr. Wei Liu was appointed Managing Director of the company.

Experts are expecting strong growth in the Chinese surface treatment market in the coming years.

600450 New Chemetall Joint Venture in China Starts Operating

See more news about:

Others also read

Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment