DuPont, on May 18, announced its intent to acquire a minority share in Changshu 3F Zhonghao New Chemical Materials Co., Ltd. (Zhonghao), pending completion of definitive agreements and securing appropriate Chinese government approvals. Shanghai 3F New Materials Co., Ltd., is the majority owner of Zhonghao.
“Our relationship with Zhonghao has matured into a successful strategic partnership over the last eight years,” says Gary W. Spitzer, president, DuPont Chemicals & Fluoroproducts.
“Zhonghao’s world-class fluorochemical manufacturing capabilities will strengthen our ability to better serve our customers worldwide. It also will enable a faster response to rapidly growing regional markets for our broad portfolio of fluorochemicals across all applications. This applies for existing and future chemistries for refrigerants, or for our specialty fluorochemicals markets,” Spitzer says.