Sinochem International set foot in the plastic additives business after acquiring Jiangsu FOPIA Chemicals Co., Ltd. on August 26.
Liu Hongsheng, General Manager of Sinochem International, said: "The additives industry is an important part of materials science and one of the important strategic development directions of Sinochem International. This acquisition favors our layout in the additives industry. It gives play to our collaborative advantages of the materials science industry, marking another firm step towards the goal of building a world-class materials platform."
As a plastic additives manufacturer based in Yancheng, Jiangsu Province, FOPIA produces light stabilizers, ultraviolet absorbers, special flame retardants, etc., with the largest capacity of CEPPA flame retardant in the world.