N E W S
Akzo Nobel Plans to Establish Chemicals Multi-Site in China for Manufacture of Ethylene Amines and Chelating Agents
ARNHEM, the Netherlands, October 12, 2006 -- Akzo Nobel has today signed a memorandum of understanding with the Ningbo Chemical Industry Zone (NCIZ) which paves the way for the creation of a new chemicals multi-site in China. The company plans to install the facilities on a 50 hectare plot, making it one of the biggest sites for Akzo Nobel's activities in the world.
Chevron Phillips Chemical Recognizes Zhangjiagang, China and Williamstown,Kentucky Facilities for Environmental Stewardship
THE WOODLANDS, October 10, 2006 -- Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) recently presented the President’s Environmental Award to two of its facilities: a polystyrene plant in Zhangjiagang, China and its Performance Pipe plant in Williamstown, Kentucky. The President’s Environmental Award was established in 2005 as a way to promote and recognize the efforts of Chevron Phillips Chemical’s facilities in environmental improvement initiatives.
Univar China Acquires Chinese Chemical Distributor Shanghai Jixing Chemical Co.
ROTTERDAM, The Netherlands, October 4, 2006 -- Univar N.V., a world leader in chemical distribution, today announced that its Univar China Ltd. subsidiary has acquired, for cash, the assets of Shanghai Jixing Chemical Co., Ltd., a small distribution company based in Shanghai, China. This acquisition was completed on September 25, 2006. Jixing specializes in chemicals for the paint and coatings industry, serving manufacturing customers in eastern China. The acquisition is expected to bolster the development of Univar China’s business, in particular its customer base and product portfolio. Univar N.V. has been, through its Univar China operation, sourcing product in the China market for 11 years. The Jixing acquisition represents an expansion of its commercial business and demonstrates Univar’s continued strategic investment in China. The acquisition of Jixing gives Univar access to over 1000 local customers in the paint and coatings industry,” stated Univar China’s General Manager Guo Yan. He added, “Univar will distribute Dow’s AMP- 95, Eliokem Specialty Resins, biocides, titanium dioxide and many other products to this important industry.” Rod Nugent, Vice President, Univar China, commented, “This is the first acquisition for Univar in China. It highlights Univar's continued commitment to the Coatings industry globally and marks further progress for Univar’s business in Greater China.”
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