Grace Buys Chinese Catalysts Plant

W.R. Grace says it has agreed to purchase fluid catalytic cracking (FCC) catalyst production assets operated by Noblestar Catalysts (Qingdao, China) at Qingdao, giving Grace immediate and local manufacturing capacity to serve customers within China and North Asia.  Financial terms were not disclosed.  “Investing in China is a part of our overall refining technologies global strategy, which includes creating an integrated manufacturing network to align FCC capacity with demand growth,” says Shawn Abrams, president/Grace Catalysts...

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