02/04/2015

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DuPont Fluoropolymer Solutions and Chenguang form fluoroelastomers JV

The DuPont-Chenguang strategic alliance will serve the fast-growing fluoroelastomer markets by bringing together the complementary expertise of DuPont and Chenguang. The alliance will enable investments in launching new products, improving technology and optimising capacity, with a focus on reliable supply of quality fluoroelastomers for markets and customers. Both DuPont and ChemChina have strategic positions in the fluoroelastomers industry and are evaluating additional potential areas for strategic collaboration. The fluoroelastomers joint venture will be named DuPont Haohua Chenguang Fluoromaterials (Shanghai) Co., Ltd. and will sell fluoroelastomers under the Chenguang and Viton brands. According to the partners, the joint venture will leverage the DuPont technology leadership and the Chenguang integrated technology and manufacturing footprint. The joint venture also will make investments to build a new pre-compound manufacturing facility in Shanghai. "This joint venture is ideally positioned to support China's growing market for fluoroelastomers, particularly for high-performance applications in China's expanding automotive, aerospace, energy, electronics and telecommunications markets,” said Thierry F. J. Vanlancker, president, DuPont Chemicals & Fluoroproducts. "We are excited to pursue this strategic alliance with Chenguang, with whom we can more effectively deliver superior value to customers.” "This strategic alliance will combine the complementary strengths of Chenguang and DuPont, and also add strategic investments in new capacity,” said Robert Lu, vice president, China National Chemical Corporation. "This also will create a new entity that can more effectively serve customers in China and globally through new technologies and speciality fluoroelastomers.”

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