21 November 2005 16:53 [Source: ICIS news]
LONDON (ICIS news)--
Degussa will own a 50% stake in the joint venture, Lanxing 40% and an unnamed financial investor the remaining 10% which will operate as Degussa Lanxing (Rizhao) Chemical Industrial Co once all relevant approvals have been received.
It said the agreement follows a memorandum of understanding signed by the two companies in July. The company declined to reveal the size or cost of the project and said details of the project’s timing were not immediately available.
The plant will produce sulphur-functional silanes for rubber applications, in liquid form and as a blend with carbon black, in
Degussa said a rise in the production of tyres and other rubber products was boosting Chinese demand for rubber silanes.
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