CLEVELAND (Dec. 8)—Noveon Inc. will build a plant near Shanghai, China, in the next nine to 12 months for thermoplastic polyurethanes to serve growth prospects for the firm's Estane TPU in Asia.
Noveon did not disclose the facility's capacity or the size of investment budgeted for the factory, which should come on stream in the fourth quarter of 2004. The unit will be Noveon's third, joining production units in Brecksville, Ohio, and Brussels, Belgium. Noveon already has Asia region offices in Beijing, Shanghai, Guangzhou and Hong Kong, China, as well as Seoul, South Korea, and Seremban, Malaysia.