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Momentive, UPC Technology Sign Deal for Phenolic Resins JV in China

1:40 PM MST | December 19, 2011 | —DEEPTI RAMESH

Momentive Specialty Chemicals says it has signed a definitive joint venture agreement with specialty chemicals producer UPC Technology Corp. (Taipei) for previously announced plans to build jointly a manufacturing plant to produce specialty phenolic resins at Zhenjiang, China. The two companies signed a memorandum of understanding for the jv last May. The new jv has been named Momentive Union Specialty Chemicals, and construction of the plant is expected to begin in early 2012 after engineering design work and permitting are completed. Production is slated to...

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