Dublin, Ohio-based Ashland is to invest $80m in a new resin production plant and a technology and business services centre in China.
The new unsaturated polyester resin (UPR) plant, to be built in northern China, represents an estimated initial $35m investment. Current plans call for the plant to be operational in 2009.
'This project marks the second resin production facility for Ashland in China, and it will be our fifth manufacturing site in the country,' said Dale MacDonald, president of Ashland China. Ashland’s existing UPR production plant in Changzhou, constructed in 2005, is currently being expanded to triple its production capacity.
Expected to be completed in 2008, Ashland’s $43m technology and commercial centre will be located in Shanghai. 'With this new centre, Ashland will be able to provide our customers in the region with the scientific and technological expertise they need,' said Luca Fontana, chief technology officer for Ashland.
With more than 400 employees in China, Ashland currently has offices in Shanghai and Beijing, and manufacturing facilities in Beijing, Changzhou, Kunshan and Nanjing.
Nanogenerator consumes CO2 to generate electricity
Whoopee, they've solved how to keep a light on but not a lot else.