Phenolic Resins Momentive Joins Chinese Joint Venture for Phenolic Resins
To serve the growing demand for speciality resins in the Chinese industry, Momentive has joined forces with UPC Technology for a new joint venture operation in Zhenjiang/PR China.
Zhenjiang/PR China – Momentive teams up with UPC Technology Corporation for a phenolic resins project in China. A joint venture agreement has just been signed, following an initial MOU in May 2011. The new joint company Momentive Union Specialty Chemicals will build its first manufacturing plant in Zhenjiang, Jiangsu, China, to produce a full range of specialty novolac and resole phenolic resins for the Chinese refractories, friction, abrasives and electronics industry.
“We believe Momentive’s global leadership in phenolic resins technology, coupled with the regional strength and infrastructure of UPC in Greater China, will create a formidable new player in the Greater China marketplace for these versatile materials,” said Ian Harris, the new General Manager of Momentive Union. The new facility will help the company to meet the growing demand of the chemical industry for specific applications, Harris said. Construction works are to begin in early 2012 after engineering design work and permitting.