Solvay and Shanghai 3F set up speciality polymers jv in China

摘要

Belgium's Solvay and Shanghai 3F New Material Co Ltd (SH3F) have agreed to establish a production joint venture in Changshu (Jiangsu province, China) to serve the fast-growing Asian market with high performance fluori-nated polymers. The joint venture for the production of fluoromonomer TFE and PTFE polymers will be held 80% by SH3F and 20% by Solvay. SH3F will contribute its TFE and PTFE production plant, while Solvay will contribute a cash payment and license its PTFE proprietary technology. SH3F will operate the joint venture's production plant.