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Infineum to Build Manufacturing Complex in China

5:20 AM MDT | May 4, 2012 | Deepti Ramesh

Petroleum additives manufacturer Infineum (Abingdon, U.K.) says it has signed a letter of intent with the Zhangjiagang Industrial Park in Jiangsu Province, China, to build a new manufacturing complex at the industrial park. The investment will be finalized following approval from the company’s board of directors, Infineum says. The first phase of the investment will be focused on blending capability, allowing Infineum to meet the needs of local customers in a flexible and timely manner, with future component plant investments foreseen, aligned with market...

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