POINTERS
Degussa to buy into China polymers business
In a continuation of its forward thrust into China, speciality chemicals group Degussa (D-40402 Düsseldorf; www.degussa.com) has signed a preliminary agreement to buy an equity stake in Changchun Jida High Performance Materials Co (“Jida New Materials”), manufacturer of high temperature polymers PEEK and PES and part of Jillin University (Changchun, Jilin / China). Degussa chairman Utz-Hellmuth Felcht described the link-up as a “new model” for cooperation. The Chinese partner developed the products, and Degussa will contribute sales, marketing and project management experience and capital resources.
23.12.2004 Plasteurope.com [11878]
Published on 23.12.2004