Hercules takes on China jv

27 April 1998 00:00  [Source: ICB]

Hercules has linked with Beijing Yanhua High Technology Company, part of Beijing Yanshan Petrochemical, to produce hydrocarbon resins in China. Hercules will take a 55% stake in the venture, with the Chinese partner holding the remainder.

Located near Beijing, the project will ultimately produce 20 000 tonne/year hydrogenated hydrocarbon resins by 2000, based on a flexible technology which manufactures a range of resins.

The initial focus is on light-coloured resins for adhesives and plastics applications to be marketed in the Asia-Pacific.

'This combination of our technology and marketing capabilities with Yanshan's technical expertise and infrastructure creates a strong supplier of these resins in Asia-Pacific markets,' said Hercules senior vice president international, Dominick DiDonna.

'China continues to be an area of key importance to Hercules and to our plans for continued growth.'

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