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DuPont Acquires Stake in Chinese Fluorochemical Firm

2:15 PM MDT | May 24, 2010 | Rebecca Coons

DuPont says it plans to acquire a minority share in fluorochemical firm Changshu 3F Zhonghao New Chemical Materials (Zonghao; Changshu, China) from Shanghai 3F New Materials. DuPont’s stake and other terms of the deal were not disclosed. Shanghai 3F New Materials will remain the majority shareholder. Zhonghao produces fluorine-containing refrigerants, cleaning agents, fire-extinguishing agents, aerosol propellants, foaming agents, pesticides intermediates and fluorocarbon coatings. DuPont says Zhonghao’s fluorochemical manufacturing capabilities...

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