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Solvay and Shanghai 3F form TFE and PTFE production joint venture
11:57 AM MST | November 14, 2013 | Natasha Alperowicz
Solvay and Shanghai 3F New Material (SH3F) announced today that they have agreed to establish a production joint venture at Changshu, China, to serve the fast-growing Asian market with high-performance fluorinated polymers. The jv will produce tetrafluoroethylene (TFE) and polytetrafluoroethylene (PTFE). The jv will be owned 80% by SH3F and 20% by Solvay. SH3F will contribute its TFE and PTFE production plant, while Solvay will contribute a cash payment and license its PTFE proprietary technology. SH3F will operate the jv's production plant. In addition...
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