LEHIGH VALLEY, Pa. (May 31)—Chemicals producer Air Products Corp. is forming a joint venture in China to expand production of triethylenediamine for the fast-growing Chinese polyurethane sector.
Air Products will manage and be majority owner of the venture, Air Products Shangfeng, with leading Chinese chemicals supplier Changzhou Shangfeng Chemical Industry Co. Ltd. The unit's headquarters will be at its production site in Changzhou, Jiangsu Province.
"This investment is part of Air Products' continuing strategy to build long-term infrastructure in China and to support the growth of its TEDA business by strengthening its China-based capabilities," Air Products said.
TEDA is an important catalyst in polyurethane foam production, with growth in China driven by "population and income demographics" for major uses such as furniture, carpet underlay, automotive seating and shoe soles, Air Products said.
Air Products claims to be a leading supplier of TEDA to the PU market, from a U.S. site in Paulsboro, N.J., and downstream modification capacity in Europe.