Solvay to build Technical Center in Shanghai, China
29 Sep '05
2 min read
Chemicals and pharmaceuticals company Solvay announces that it is in the process of setting up a new Technical Center in Shanghai, China, to meet fast-growing demand from Chinese clients for Specialty Polymers. The new entity – Solvay High Performance Materials R&D (Shanghai) Co Ltd – is scheduled to be operational from the first quarter of 2006.
The primary function of the new center will be to provide R&D services and innovative solutions to Chinese clients who plan to design and process new parts manufactured with Solvay's range of specialty polymers.
Future developments could include upstream research work in various areas of the specialty polymers value chain. Located in the Shanghai Zhangjiang High-Tech Park, the new site will also allow Solvay to group its local teams active in the Chemical and Plastics sectors in state-of-the art facilities.
Vincenzo Morici, General Manager, Strategic Business Unit Specialty Polymers commented that this step is very important for our business as they are creating in China the capability to support our local growing business and to customize their products and services for the needs of the Chinese users.
He included that China's demand for high performance materials is expanding and they need to work closely with local designers and specifiers to let them get the best benefit out of the unique performances offered by their range of polymers.
Solvay Specialty Polymers are already generatingan annual turnover of more than EUR 100 million in Asia and sales are developing rapidly.
marketing@alchempro.com
