DuPont Fluoropolymer Solutions (DuPont) and Zhonghao Chenguang Chemical Research Institute Company Limited (Chenguang), a subsidiary of China National Chemical Corporation (ChemChina), today announced a key action to serve China’s rapidly expanding fluoroelastomer market through world-class science and technology, targeted capacity expansions and sustainable solutions for high-performance applications.
The companies have formed a 50/50 joint venture for the production and marketing of fluoroelastomer gums and pre-compounds in China, which will expand supply of fluoroelastomers in China.
The DuPont-Chenguang strategic alliance will serve the fast-growing fluoroelastomer markets by bringing together the complementary expertise of DuPont and Chenguang. The alliance will enable investments in launching new products, improving technology and optimising capacity, with a focus on reliable supply of high-quality fluoroelastomers for markets and customers.
Both DuPont and ChemChina have strategic positions in the fluoroelastomers industry and are evaluating additional potential areas for strategic collaboration.
The fluoroelastomers joint venture will be named DuPont Haohua Chenguang Fluoromaterials (Shanghai) Co., Ltd. and will sell fluoroelastomers under the Chenguang and Viton® brands. The joint venture will leverage the DuPont technology leadership and the Chenguang integrated technology and manufacturing footprint, and will provide customers with high-quality products. The joint venture also will make investments to build a new pre-compound manufacturing facility in Shanghai.