Ltd. Hercules has 60-percent equity position and supports the venture with technology from its numerous worldwide locations.
China continues to be an area of key importance to Hercules and to our plans for continued growth.
The new plant will manufacture Hi-pHase and Hercon paper sizing agents which are used in manufacturing packaging paper, printing paper and liquid packaging board for beverage containers. The products will be marketed to the papermaking industry in China. The plant has a combined capacity of 20,700 metric tons per year with capability for further expansion to 28,000 metric tons to meet demands. Other functional and process chemicals for the paper industry are scheduled to be manufactured at the site in future years. Shanghai Chlor-Alkali Chemical is the largest manufacturer of chlorine, caustic soda and PVC and one of the largest chemical companies in China.