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Foam JV aims for China: FoamPartner/Otto Bock plan 15m [euro] plant in China.(world newslines)(Brief Article)
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Urethanes Technology
- Article date:
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April 1, 2005
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Copyright informationCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WOLFHAUSEN, SWITZERLAND -- The FoamPartner Group, which combines the foam products activities of Conzzeta Holding, is entering into a joint venture with German foam manufacturer Otto Bock Schaumstoffe GmbH. Their goal is to open up the Chinese market, according to a 25 Jan announcement.
FoamPartner and Otto Book were drawn together as partners by their complementary business activities in flexible polyurethane foams, the statement said. Both companies produce foams for the automotive parts industry as well as for special industrial applications such as filtration, acoustics and construction.
The firms plan to invest 15 million [euro] ($19.5 million) to build a plant ...
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