Hercules Incorporated has announced the signing of a joint venture agreement between Aqualon,a business unit of Hercules,and the leading producers of methylcellulose(MC)in China.The parties expect to close the transaction by the end of the year pending appropriate regulatory approvals.The joint venture will include the existing MC assets of Luzhou North Chemical Industries Co.Ltd.in Luzhou and the MC assets of Suzhou Tianpu(a joint venture between Luzhou North and Jiangsu Feixi-ang Chemical Co.Ltd.)in Zhangjiagang,with a total combined existing capacity of 6,000 metric tons.
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