Home / Knowledge / News / Textiles / Solvay-Huatai H2O2 plant to produce for growing Chinese market
Solvay-Huatai H2O2 plant to produce for growing Chinese market
09
Oct '09
Solvay announces that it has struck an agreement with Huatai Group of China to establish a Hydrogen Peroxide joint venture. The joint venture company, Shandong Huatai Interox Chemical Co Ltd, will build a Hydrogen Peroxide plant at Huatai's new site in Dongying, Shandong Province, China, with an annual capacity of 50,000 metric tons per year. The plant is expected to be completed by the end of 2011.

The joint-venture agreement was signed at a ceremony presided over by Mr. Xi Jinping, Vice President of the People's Republic of China, in Brussels, Belgium. China is the largest market in the world for Hydrogen Peroxide and is expected to continue to grow strongly. Solvay is the global leader in the Hydrogen Peroxide industry and this project represents an opportunity for Solvay to establish an industrial and commercial presence in this important market with a strong partner. Huatai is producing Hydrogen Peroxide since many years, primarily for its internal consumption of its paper production processes, and this project increases security of supply for its growing needs.

The joint venture will not only serve Huatai, but also other Chinese industries requiring hydrogen peroxide (textile, chemicals, etc.). In addition, the joint venture will utilize Solvay's leading technology for the production of high purity grades of Hydrogen Peroxide and Peracetic Acid. With such grades, Solvay has developed a leading position in aseptic grades for the food and packaging industry worldwide.

“This investment will make it possible to competitively participate in this important market with a strong partner who brings good integration, both upstream and downstream, and with good support from the authorities in Dongying,” says Mr. Mignonat, General Manager of the Strategic Business Unit Peroxides at Solvay. “In addition, we will be able to better serve our existing customers for our specialty products in China.” “It is our great pleasure to collaborate with Solvay, a world famous company with advanced technology and management.The collaboration between both parties will foster a strong alliance between them, which have complementary strengths. We will jointly develop a hydrogen peroxide company with advanced technology and applications”, says Mr. Li Jianhua, President of Huatai Group.

Solvay S.A


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search