Sep 21 2005
Solvay has announced that it is in the process of setting up a new Technical Center in Shanghai, China, to meet fast-growing demand from Chinese clients for Specialty Polymers. The new entity – Solvay High Performance Materials R&D (Shanghai) Co., Ltd – is scheduled to be operational from the first quarter of 2006.
The primary function of the new center will be to provide R&D services and innovative solutions to Chinese clients who plan to design and process new parts manufactured with Solvay’s range of specialty polymers. Future developments could include upstream research work in various areas of the specialty polymers value chain. Located in the Shanghai Zhangjiang High-Tech Park, the new site will also allow Solvay to group its local teams active in the Chemical and Plastics sectors in state-of-the art facilities.
“This step is very important for our business as we are creating in China the capability to support our local growing business and to customize our products and services for the needs of the Chinese users,” commented Vincenzo Morici, General Manager, Strategic Business Unit Specialty Polymers. “China’s demand for high performance materials is expanding and we need to work closely with local designers and specifiers to let them get the best benefit out of the unique performances offered by our range of polymers,” he added.
Solvay Specialty Polymers are already generating an annual turnover of more than EUR 100 million in Asia and sales are developing rapidly.
The Shanghai Zhangjiang High-Tech Park was designated for the development of new and high technology, mainly in the fields of information and communication technology, bio-technology, pharmaceuticals and innovative materials. The Park, established in the Pudong new area, and fully supported by Shanghai Municipal Government, enjoys a high quality infrastructure.
The Solvay Group has been active in China since 1995 through a number of joint ventures and rapidly developing commercial representations. The Solvay Group has also recently announced plans to step up its industrial activity.
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