Air Products Forms Joint Venture With Leading Chinese Chemicals Company to Expand Teda Productions
This investment is part of Air Products' continuing strategy to build long-term infrastructure in China and to support the growth of its TEDA business by strengthening its China-based capabilities. Air Products will continue to invest its leading manufacturing and process technology into the Changzhou facility to provide world-class manufacturing and meet all environmental, health and safety standards.
TEDA is an important additive used to catalyze reactions to produce polyurethane foam. Growth in the polyurethane foam market is driven by population and income demographics, with major end use segments for flexible slab urethane foam (for furniture, carpet underlay, automotive seating) and shoe soles. The polyurethane market in China has been growing at greater than 10% annually and is expected to continue to experience high growth rates as it accelerates its development as a global manufacturing center.
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