Changzhou Shanfeng Chemical Industry CO. Ltd. (CZSF) and Air Products have formed a joint venture named Air Products Shanfeng to produce TEDA for the fast growing polyurethane (PU) market in China.
The new entity is majority owned by Air Products and is headquartered at its production site in Changzhou, Jiangsu Province, Eastern China, which was transferred to the joint venture company by CZSF.
The new project is part of Air Products' strategy to build long-term infrastructure in China and to support the growth of its TEDA business by strengthening its China-based capabilities. TEDA is an important additive used to catalyse reactions to produce polyurethane foam. It is used in the end-sector in the production of furniture and automotive seating, to shoe soles.
Dr. Jeff Kramer, Vice President and GM of Air Products Asia, says the new investment increases the quality of their service, \\\\$quot;Our customers are producing increasingly sophisticated products and are continually looking for supply of quality products and value-added solutions to help them succeed. By leveraging CZSF's manufacturing capacity, market knowledge and leading reputation in China with Air Products\\' technology, global leadership and application laboratories, the new venture is well positioned to meet our customers\\' growing requirements.\\\\$quot;
Air Products believe that the polyurethane market has been growing greater than 10% annually in China and is expected to continue to experience these strong growth rates as China becomes the 'global manufacturing centre'.