Fengxi and DSM form Melamine JV in
Shanxi.
On February 28th, China's large coal chemicals
producer--Fengxi Fertilizer Industry (Group) Co., Ltd. and the world
largest melamine supplier DSM Melamine B. V. jointly announced the
establishment of their joint venture--Shanxi Fenghe Melamine Co., Ltd.
which will produce melamine in Yuncheng, Shanxi province of northern
China.
The 51/49 joint venture between Fengxi and DSM Melamine has a
registered capital of RMB 100 million, headquartered in Shanxi Yuncheng
Economic Development Zone, will reach a melamine production capacity of
52 thousand t/a in 2008. DSM Melamine will sell melamine mainly in the
domestic market and other markets.
Fengxi said the cooperation with DSM fits very well with its
strategy of expanding and becoming strong, actively in
internationalization and developing in both fertilizer and chemical
businesses.
According to DSM, this step enables DSM to take a substantial
market share in the fastest growing melamine market in China. DSM's
customers in China have previously been supplied by its plants in
Indonesia and Europe.
DSM Invests in Development of Bio-based Materials
On March 5th, DSM Venturing, the corporate venturing unit of Royal
DSM N.V., announced that it has participated in a US$20 million
financing round in Tianjin Green Bio-Science Co., Ltd. (TGBS). The
proceeds will be used to build China's largest manufacturing plant
for polyhydroxyalkanoates (PHA) in the Tianjin Economic Development Area
(TEDA).
In parallel with the venture investment, DSM and TGBS intend to
work together to create new business in bio-based performance materials.
At present TGBS has developed based on its PHA varieties of fiber, film
and lamina, and has patented its proprietary technologies and
established competitive advantage. TGBS plans to build the manufacturing
plant with the PHA capacity of 10 000 t/a.
The investment is in line with DSM's ambitions to develop
bio-based performance materials to meet customers' growing needs
for improved performance and environmental benefits at competitive
costs.
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