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Sinochem International announced that the company has completed the acquisition of Jiangsu Fubia Chemical Co.
Sinochem International announced that the company has completed the acquisition of Jiangsu Fubia Chemical Co.
Jiangsu Fubia Chemical Co.
Liu Hongsheng, General Manager of Sinochem International, said: “The additive industry is an important part of materials science and one of the important strategic development directions of Sinochem International
Fubia is a plastic additive manufacturer located in Yancheng Binhai Economic Development Zone.
In April 2020, Sinochem International and Fubia's original parent company Jiangsu Feixiang Chemical Group began negotiations on mergers and acquisitions.
Sinochem International is the core operating company of Sinochem's material science sector.
In the field of additives business, Sinochem International's rubber additives have achieved the world's leading position and become the world's largest comprehensive service provider for such products
At the same time, the plastic additives business is also highly synergistic with the new materials business of Sinochem International, such as engineering plastics and epoxy resins
Su Fu, deputy general manager of Sinochem International, said that in the future, the company will rely on Fubia's existing industrial foundation, superimpose Sinochem International's R&D, operation and resource advantages, accelerate the development of high value-added innovative products, and strive to create a source of original technology in the additive industry.
With this acquisition, Sinochem International has also taken the first step in its industrial layout in Yancheng Binhai
Sinochem International will build a new material industrial park in Yancheng Binhai
Taking this acquisition of Fubia project as a starting point, in the next few years, Sinochem International has plans to increase investment and construction in Yancheng Binhai Coastal Industrial Park through a series of mergers and acquisitions integration, introduction and promotion, and use high-performance materials and polymer additives.
