Borden Chemical Forms Joint Ventures in China, Opens Regional Office in Shanghai
"The formation of these companies and the opening of a regional headquarters in Shanghai are clear indications of our interest in establishing a strong presence in the growing Chinese marketplace," said President & CEO Craig O. Morrison. "We believe aligning ourselves with leading Chinese companies will enable us to most effectively serve customers in this vital market."
In the first alliance, a subsidiary of Borden Chemical has joined with a subsidiary of Asia Dekor Holdings Limited to form a company called Asia Dekor (Hong Kong) Borden Chemical Company Limited. Asia Dekor (Hong Kong) Borden Chemical will build a formaldehyde and derivative resins manufacturing facility in Heyuan to service the growing medium-density and particleboard market in the region. The project is slated for completion and start-up by mid-year. Asia Dekor is a leading Chinese producer of premium laminate flooring and other engineered wood products.
In the second arrangement, subsidiaries of Borden Chemical and UVITech, a Chinese producer of UV-curable coatings, have formed a joint venture company called Borden UV Coatings (Shanghai) Co., Ltd., to manufacture and market UV-curable coatings and adhesives for fiber optics, digital media and other applications.
Most read news
Topics
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.