Degussa and Wellink Group Sign Agreement to Cooperate in Producing Performance Silica

10-Feb-2006

Degussa AG, Düsseldorf, and Fujian Nanping Xinyuan Investment Co., Ltd. (Wellink Group) in Nanping, Fujian, have signed an agreement to establish a joint venture for manufacturing and marketing performance silica (precipitated silica and silicates). After final approval by the relevant authorities, which is expected soon, the new joint venture will begin trading as "Degussa Wellink Silica (Nanping) Co., Ltd. (DWS)". Degussa will hold 60 percent in the new joint venture, while Xinyuan, the company in which Wellink has pooled its silica activities, will hold 40 percent.

DWS has three production sites in China, and supplies regional customers with its performance silica. The Chinese rubber industry is currently the major buyer. DWS anticipates further growth in the silicone rubber and toothpaste sectors, among others. DWS has its own research center in Nanping, Fujian, where it develops new products to meet specific customer requirements.

https://www.chemeurope.com/en/news/52219/degussa-and-wellink-group-sign-agreement-to-cooperate-in-producing-performance-silica.html