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09-21-2012

DuPont: Joint Venture with Chenguang

DuPont Performance Polymers, Wilmington, DE/USA, and Chenguang Chemical Research Institute, Beijing, China, have signed definitive agreements to form a 50/50 joint venture for the production and marketing of fluoroelastomer gums and precompounds in China. The joint venture, which will include a new state-of-the-art precompounding plant to be constructed in Shanghai, is expected to be operational in the first half of 2013, pending appropriate government approvals. Groundbreaking for the new precompounding plant also will commence during that period.

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