Ashland to Invest $78 Million in China

Ashland says it will invest about $78 million in China from 2008-09. This includes about $35 million to build an unsaturated polyester resin (UPR) plant in northern China to serve the building and construction, and automotive markets. The exact location of the plant, which is due to start up in 2009, was not disclosed. The company also plans to invest $43 million to build a technology and business center at Shanghai to serve all of its businesses in China. The center is due for completion in 2008. “China is a significant growth opportunity and, to benefit...

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