14 May 2013 17:14 [Source: ICIS news]
HOUSTON (ICIS)--Albemarle has formed a joint venture in China to build a new flame retardants facility there, the US-based specialty chemicals and catalyst company said on Tuesday.
Albemarle said that its joint venture with Senze Meilu Company would build and operate a plant in Lvliang, Shanxi province, to produce 50,000 tonnes/year of fine precipitated alumina trihydrate (ATH) flame retardants, which are mainly used in wire and cable applications.
The plant is expected to start up in mid-2015. Albemarle, as the joint venture’s majority stakeholder, will market the ATH flame retardants under its MARTINAL brand in Asia-Pacific and India, it added.
Senze is back-integrated into raw materials for ATH production.
"The combination of Albemarle's technology with Senze's world scale bauxite and alumina production capabilities will make this joint venture a platform for success for both companies," said Matt Juneau, Albemarle's vice president, Polymer Solutions.
Troy DeSoto, Albemarle's global vice president, Flame Retardants, added: "This venture will advance our position in the fastest growing segments of the wire and cable markets in Asia and India and complement Albemarle's existing world scale production facility in Bergheim, Germany."
Financial details were not disclosed.
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