Air Products Forms Joint Venture With Leading Chinese Chemicals Company
June 6, 2005
Continuing to expand on its commitment to the China market, Air products has announced the formation of a joint venture named Air Products Shanfeng with a leading Chinese chemicals supplier, Changzhou Shangfeng Chemical Industry Co. Ltd. (CZSF), to produce triethylenediamine (TEDA) for the fast-growing polyurethane (PU) market in China. The new entity, majority-owned and managed by Air Products, is headquartered at its production site in Changzhou, Jiangsu Province, Eastern China, which was successfully transferred to the joint venture company from CZSF. This investment is part of Air Products' continuing strategy to build long-term infrastructure in China and to support the growth of its TEDA business by strengthening its China-based capabilities.For more information, visit http://www.airproducts.com.