China's Zhejiang Juhua to invest CNY194m on HFC-125 project

01 March 2012 09:46  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Zhejiang Juhua is planning to build a 10,000 tonne/year hydrofluorocarbon (HFC)-125 project at Zhejiang province as part of firm’s strategic development plan, the company said in a filing to the Shanghai Stock Exchange on Thursday.

The project, which will involve an investment of yuan (CNY) 194m ($30.8m), will be brought on stream in 2013, according to the filing.

US-based Honeywell International and its wholly owned subsidiary Honeywell (China) Co will provide the technological assistance for the project, the company said.

The company’s refrigerants include HFC-134a, HFC-32 and hydrochlorofluorocarbon (HCFC)-22, according to the filing.

Zhejiang Juhua Co is a fluorine, chlor-alkali and sulphuric acid manufacturer in east China.

Honeywell International is mainly engaged in the aerospace, performance materials and technologies businesses.

HFC-125 mainly used in refrigerant applications.

($1 = CNY6.30)

By: Rachel Yang

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