| JinHaas Additives Manufacturer Begins Operation in China |
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Shanghai, China, 22 August 2007 -- /PRNewswire/ -- Rohm and Haas Company (NYSE:ROH) and Weihai Jinhong Polymer Co. Ltd announced today that they have begun formal operation of a joint venture company, Jinhong Rohm and Haas Chemical Company (JinHaas), following the announcement of the agreement in December 2006. JinHaas will produce methacrylate butadiene styrene (MBS), acrylic impact modifiers (AIMs), and acrylic processing aids for distribution in China, and in other emerging markets.
The grand opening ceremony of JinHaas was successfully held in Weihai today, with more than 250 government officials, customers, and business representatives present.
With this joint venture, Rohm and Haas will become the first multinational company with a significant footprint of plastics additive manufacturing in China. The local manufacturing facility is a great addition to the current Asia-Pacific manufacturing and supply network of Rohm and Haas overall.
Headquartered in Weihai, Shandong Province, Rohm and Haas holds 51% of the JinHaas company shares. The new company was created to deliver a complete range of high-performance plastics additives to the building and construction and the PVC packaging segments of the Chinese market.
About JinHaas
Jinhong Rohm and Haas Chemicals Company Ltd (JinHaas) is a joint venture formed in March 2007, with more than 120 employees, by Rohm and Haas, the world's leading supplier of specialty materials and Weihai Jinhong Polymers Ltd., the Chinese leading building and construction specialty materials manufacturer.
Designed to deliver a complete range of high-quality plastics additive products and superior technical support to the building and construction, as well as the PVC packaging materials markets in China, JinHaas produces methyl methacrylate butadiene styrene (MBS) impact modifiers, acrylic impact modifiers (AIM), and acrylic processing aids to supply China and other emerging markets.
About Rohm and Haas Company
Founded in 1909, Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. Based in Philadelphia, Pennsylvania, the company generated annual sales of approximately USD 8.2 billion in 2006. Visit http://www.rohmhaas.com/ for more information.
Source: Rohm and Haas Company
Web site: http://www.rohmhaas.com/ |
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