US thermoplastics distributor Nexeo completes formation of China JV

01 November 2012 17:13  [Source: ICIS news]

HOUSTON (ICIS)--Nexeo Solutions has completed the formation of its joint venture with Beijing Plaschem in China, the US-based international thermoplastics distributor said on Thursday.

Nexeo had announced plans for the joint venture in March.

Nexeo said that the joint venture, called Nexeo Plaschem, will employ 120 people. It will be headed by Yang Zhigang, a former chairman of Beijing Plaschem.

Nexeo also said that it appointed Philip Krichilsky as vice president and general manager of Nexeo Asia.

Nexeo was formed last year after private equity firm TPG Capital bought the distribution business of US specialty chemicals producer Ashland.

By: Stefan Baumgarten
+1 713 525 2653

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