Cabot, China National Bluestar form joint venture
May 19, 2008
According to the Associated Press, specialty chemicals company Cabot Corp. said recently that a subsidiary has signed a joint venture agreement with China National Bluestar Group to build a fumed silica manufacturing facility in China.
The joint venture, Cabot Bluestar Chemical Co., will invest about $40 million to build Cabot''s fumed silica facility, which will have a manufacturing capacity of about 7,000 metric tons per year.
Fumed silicas are used in a variety of applications such as adhesives, sealants, coatings, inks and toners.
The plant will be located in Tianjin, China.
China National Bluestar is a unit of China National Chemical Corp., a state-owned enterprise better known as ChemChina. Bluestar owns 45 production facilities and 17 research institutes around the world. Cabot and Bluestar have an established relationship that dates back to 2004.