Rohm and Haas plans additive JV in China with Jinhong Polymer Co

18-Dec-06

Subject to approval from the Chinese government, Rohm and Haas Company and Weihai Jinhong Polymer Company, Ltd. are in agreement to form a new joint venture, Jinhong Rohm and Haas Chemicals Company Ltd (JinHaas). Jinhong will contribute its Weihai City plant and Rohm and Haas will contribute cash, acquiring 51% ownership. The plant is expected to be operational in Q1-2007. JinHaas, to be based at Jinhong's Weihai City plant, will produce methacrylate butadiene styrene (MBS), acrylic impact modifiers (AIMs) and acrylic processing aids for the building and construction a well as PVC packaging segments in China and other emerging markets. JinHass will deliver a complete range of quality plastics additives products, superior technical support and experience of Rohm and Haas Company with the significant manufacturing capacity, product offering and regional marketing and sales expertise of Jinhong Company. This joint venture will make Rohm and Haas the first multinational company with a significant manufacturing capacity of plastic additive polymer in China. Having a domestic presence will allow R&H to be more responsive to customers' product needs and technical service requests.