MeadWestvaco forms manufacturing and marketing joint venture in China

MeadWestvaco forms manufacturing and marketing joint venture in China

MeadWestvaco Corporation's Specialty Chemicals Division, Charleston, S.C.,recently announced plans to form a manufacturing and marketing joint venture company with Fujian Shaxian Songchuan Chemical Industry (SSCI). The joint venture will expand SSCI's current output of tall oil derivatives primarily for sale in the Chinese and Asia Pacific markets and will be known as MWV (Shaxian)Pine Chemicals Company Limited.

The new company will be the largest primary processor of crude tall oil in China and is expected to expand tall oil fractionation capacity to supply the developing demand for these products in the Asia Pacific market. The venture is also well positioned to consume the increasing raw material supply in the region and represents.