Foam joint venture
By Richard Fu |
October 11, 2011, Tuesday
|
Print Edition
Print Edition
SINOCHEM and US diversified manufacturer Honeywell yesterday announced the formation of an equally-owned joint venture in China for the production of energy-efficient foam insulation.
The venture, to be based in Taicang, Jiangsu Province, will be capable of producing an annual 12,000 tons of non-ozone-depleting, rigid blowing agents when production starts at the end of 2013.
Total investment in the venture will exceed US$100 million, said Wang Yinping, vice president of Sinochem.
Blowing agents are used as insulation for appliances, construction, transport and other applications where energy efficiency is paramount.
The venture, to be based in Taicang, Jiangsu Province, will be capable of producing an annual 12,000 tons of non-ozone-depleting, rigid blowing agents when production starts at the end of 2013.
Total investment in the venture will exceed US$100 million, said Wang Yinping, vice president of Sinochem.
Blowing agents are used as insulation for appliances, construction, transport and other applications where energy efficiency is paramount.
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