China R&D Investment for ICI Underlines Growth Strategy
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China ICI has broken ground for the construction of a new research and development centre in China as part of its strategy to 'grow aggressively' in the country and the Asia Pacific region. The ICI China Technology Centre (CTC) is being built on an existing ICI site at Songjiang near Shanghai, and is scheduled to be fully operational in late 2007 with a staff of about 70.
The CTC will be a single facility to serve ICI's corporate technology needs as well as those of a number of its business units - Adhesives (part of National Starch and Chemical Company), and ICI Paints decorative and packaging coatings. An additional part of the facility will be shared laboratories. It will be an important research hub within ICI's global R&D network and support all ICI businesses, and will lead links with and collaborative work with universities in China.
Construction and equipping the five-storey building is expected to be completed within two years.
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