Motuo joins together to invest in phenolic resin project in Zhenjiang

On December 14th, Momentive Specialty Chemicals Co., Ltd., a US special chemicals and materials manufacturer, and Luen Shing Chemical Technology Co., Ltd. announced that they signed the final joint venture agreement to jointly establish Momentive Union Specialty Chemicals. A factory will be established in China to produce special phenolic resins.

Momentive Union will establish its first factory in Zhenjiang, Jiangsu, China, adjacent to the original Zhenjiang Liancheng Chemical Industry Co., Ltd. production facilities. The new plant will produce a full range of specialty thermoplastic phenolic resins and A-stage thermosetting phenolic resins. It is expected that the project will begin in early 2012 and be put into trial operation in the first quarter of 2013.

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