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Nexeo completes formation of jv in China

7:00 AM MDT | November 1, 2012 | Ian Young

Plastics distributor Nexeo Solutions (The Woodlands, TX) says it has completed formation of its previously announced joint venture with Beijing Plaschem. The jv, Nexeo Plaschem, will employ more than 120 people in China and cover 30 locations across most of the country's provinces. "A world-class supplier base, global customers, ability to fund strategic growth, and centralized management systems will allow us to accelerate our growth to make Nexeo Plaschem a stronger distributor," says Yang Zhigang, former chairman of Beijing Plaschem, who will be...

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