21 September 2012

ChemChina subsidiary and DuPont to set up 50/50 joint venture in Shanghai, China

21 September 2012 - The Chenguang Chemical Research Institute, a China National Chemical Corp (ChemChina) subsidiary, and DuPont Performance Polymers announced an agreement on a 50/50 joint venture in China for the production and marketing of fluoroelastomer gums and precompounds, on Thursday in Beijing. 

The JV, which will be in Shanghai, will include a new state-of-the-art pre-compounding plant and is expected to be operational in the first half of 2013, pending government approval. Work on the new plant is expected to begin during that same period. 

In speaking about the agreement, Hu DongChen, president of the China Haohua Chemical Group (another ChemChina subsidiary), said, “The Joint Venture contract is an example of the successful cooperation between DuPont and ChemChina and will have a positive impact on our technology base and international market exposure, while providing a good foundation for future cooperation between the two.” 

Diane Gulyas, the president of DuPont Performance Polymers, added that, “This joint venture combines DuPont’s leading fluoroelastomer technology, global reach, and strong Viton brand with Chenguang’s integrated manufacturing position and strong China presence to yield new ways to serve customers. This will enhance DuPont’s ability to meet the rapidly growing fluoroelastomer demand and bring leading products and technology-based solutions to customers in China and globally.” 

Gulyas went on to say that this co-operation reaffirms DuPont’s commitment to the automotive industry and provides strong regional assets to meet the ever-growing customer needs. 

Chenguang Chemical Research Institute is a subsidiary of China Haohua National Chemical. ChemChina is a large State-owned enterprise established in May 2004, which has followed a “Traditional chemicals, advanced materials” concept to provide high quality products and services in China while keeping a global outlook. It uses the best practices and holds a leading position in the chemical industry. Chenguang is itself an outstanding ChemChina subsidiary, with strong capabilities in R&D and the best technology and equipment for fluoroelastomer gum production. 

DuPont is a science-based product and services company that was founded in 1802. DuPont offers a wide range of innovative products and services for many markets including agriculture, food, building, construction; communications, and transportation. 

DuPont Performance Polymers has more than 40 manufacturing, development, and research centers around the world and has the industry’s broadest portfolio of plastics, elastomers, renewably sourced polymers, filaments, and high-performance parts and shapes so that it can provide cost-effective solutions to the aerospace, automotive, consumer, electrical, electronic, industrial, sporting goods, and other industries. 

Source: ChemChina