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People & Business :: M&A

CABB to form MCA venture in China

1:16 PM MDT | April 15, 2013 | —Deepti Ramesh

Fine and specialty chemicals company CABB (Sulzbach, Germany), Jining Gold Power (Jining, China), and Jinwei Huasheng Chemical (Jining) have signed a memorandum of understanding to establish a joint venture at Jining for the manufacture and marketing of monochloroacetic acid (MCA). Wienkenhöver: Found a strong partner. Jining Gold Power, a wholly owned subsidiary of Shandong Lutai Coal, is a state-owned enterprise. Jining Gold Power operates 5 manufacturing plants—a 900,000-m.t./year coal separation plant; a chlor-alkali plant with capacity for 360,000...

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