Cabot: Joint Venture to Produce Fumed Silica in China
Cabot (China) Ltd. has signed a joint venture agreement with the Chiina National Bluestar Group to build a facility for the manufacture of fumed silica in China. This represents an expansion of the relationship between the two companies, which began with the construction of China’s first state-of-the-art fumed silica manufacturing facility in Jiangxi province in 2004.
The new joint venture company, Cabot Bluestar Chemical (Tianjin) Co., Ltd., will invest approx. USD 40 million in the new faciltiy which is supposed to have a manufacturing capacity of approx. 7000 tonnes per year. The plant will be located in Tianjin and will be commissioned in early 2010.
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