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Business
... and forms a silica venture
February 13, 2006
| A version of this story appeared in
Volume 84, Issue 7
Degussa has agreed to form a precipitated silica and silicates joint venture with Fujian Nanping Xinyuan Investment Co. The venture, known as Degussa Wellink Silica, will have three production sites in China and a research center in the city of Nanping in Fujian province. Degussa will own 60% of the venture, and its partner will own the balance. Together with existing operations, the deal will put under Degussa's control eight performance silica sites in the Asia-Pacific region, with annual capacity of 175,000 metric tons.
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