18.11.2013 • News • Dede Willams • joint venture • Mergers & Acquisitions (M&A)

Solvay in Fluoropolymers JV With Shanghai Producer

Belgian chemical group Solvay has licensed its technology for fluorinated polymers to China's Shanghai 3F New Material Co. as part of an 80:20 joint venture agreement covering supply of high-performance fluorinated polymers to the Asian market.

Shanghai 3F New Material Co. will have the 80% majority in the joint company and will contribute production facilities for the monomer and polymers. It will supply Solvay's adjacent specialty polymers production unit for the strategic raw materials 142b and HFP, enriching the fluoropolymer mix for applications in automotive, photovoltaics, Li-ion batteries, membranes and oil & gas applications.

Production facilities of both companies are currently under construction at Changsu, China. The joint venture's TFE/PTFE plant is due to be completed in Q1 2014. Solvay's new fluoropolymer plant is due to be completed in stages up to the end of 2015.

Interview

Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

Innovation Pitch

Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.