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Markets :: Specialty Chemicals :: Plastic additives

Albemarle Raises Stakes in Chinese JVs

5:32 AM MDT | August 7, 2007 | Chemical Week Editorial Staff

Albemarle says it has agreed to increase its stakes in two China-based joint ventures it owns with Jinhai Chemical (Jinhai, China)—Ningbo Jinhai Albemarle Chemical & Industry (Ningbo) and Shanghai Jinhai Albemarle Fine Chemicals (Shanghai)—from 25%, to 75%. The former jv produces specialty polymer stabilizers, and the latter makes polymer stabilizers and intermediates. Financial terms were not disclosed. Albemarle says that increasing its shares in the jvs will provide it with “deeper vertical integration” in polymer antioxidants and...

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