GE - Plastics and PetroChina Company Limited Agree to Cooperate on Polycarbonate Production in China

06-08-2006: GE and PetroChina Company Limited announced that they would cooperate by creating a world-scale polycarbonate (PC) resin manufacturing joint venture in China. Under the terms of the joint venture agreement, PetroChina Company Limited will supply the feedstocks and the partners will collaborate on a phosgene-free, melt technology-based polycarbonate plant that will be built to serve the growing local demand for PC resin.

"Serving the growing Chinese demand for polycarbonate is a key strategic priority for GE. By combining our polycarbonate manufacturing technology with PetroChina's leadership and local expertise we expect to bring service and high-technology materials right to our Chinese customers' doorsteps," said Brian Gladden, GE vice president and general manager of Lexan* resin and Global Product Companies. "For nearly a quarter century GE - Plastics has been a polycarbonate leader in China. This joint venture, combined with our existing and future Chinese compounding facilities, gives us an even greater ability to serve China's fast-growing marketplace."