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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Sinochem Signs Cooperation Agreement with Specialties Firm

12:57 PM MDT | August 20, 2010 | Vincent Valk

Sinochem has signed a cooperation agreement with Changda International (Weifang, China), a Chinese maker of fertilizers, deicing agents, pharmaceutical intermediates and flame retardants. Sinochem will export and resell Changda's products and import raw materials for Changda, and both companies will give the other priority in purchases and sales. The companies will also consider future joint ventures and M&A under the agreement. Additionally, Sinochem has agreed to give Changda $900,000 plus a credit in an undisclosed amount of remnibi for raw material...

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