20 July 2005 16:39 [Source: ICIS news]
Degussa Sanzheng (Yingkou) Fine Chemicals will be owned 65% by Degussa and 35% by Liu Zhixun. YSFC is a major CYC producer with significant experience in the markets of
The joint venture will operate primarily in
Bernhard Hofmann, head of Degussa's fine & industrial chemicals division said: "The new joint venture sees us following in the footsteps of our customers, and in the process establishes the basis in
Joachim Semel, head of Degussa's building blocks business unit, part of the fine and industrial chemicals division, said that the joint venture will be integrated into Degussa's global CYC business where “synergies in process improvement and logistics are expected to yield cost advantages and an important strengthening of our competitive position."
Degussa has 1,400 employees in
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