14 December 2011 17:45 [Source: ICIS news]
HOUSTON (ICIS)--Momentive Specialty Chemicals has signed a definitive agreement with ?xml:namespace>
The announcement comes after the two firms signed an memorandum of understanding in May 2011.
Construction is expected to begin in early 2012, with completion and commissioning expected for the first quarter of 2013, Momentive said.
Capacity or financial details were not disclosed.
“We believe Momentive’s global leadership in phenolic resins technology, coupled with the regional strength and infrastructure of UPC in Greater China, will create a formidable new player in the Greater China marketplace for these versatile materials,” said Ian Harris, the joint venture’s general manager.
For more on Momentive and other producers visit ICIS company intelligence
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