Victrex to Manufacture PEEK in China
Victrex plc announced the creation of a joint-venture between its subsidiary, Victrex Hong Kong Limited, and Yingkou Xingfu Chemical Company Limited, to build and operate a new PEEK polymer manufacturing facility in Liaoning, China, subject to certain performance conditions, including finalizing land purchase and permit applications. Victrex, which will be the majority partner and lead the joint-venture, will benefit by further differentiating and complementing its portfolio of PEEK and PAEK grades, in anticipation of a range of significant long-term growth opportunities across several end markets in China, as well as aligning with China’s ‘Made in China 2025’ initiative, where specifying domestically produced PEEK in certain applications is expected to gain momentum.

Victrex already has an established relationship with its joint-venture partner through its monomer supply chain, with Yingkou Xingfu having significant experience of developing and operating chemical facilities in China which meet international quality, process and environmental standards.

The joint-venture will establish Victrex Hong Kong Ltd as the majority partner with a 75% share, with leadership being assumed by Victrex once the facility is operational.

For more information, contact Victrex USA, Inc., 300 Conshohocken State Road, Ste. 120, West Conshohocken, PA 19428, 484-342-6001, Fax: 484-342-6002, Web: www.victrex.com.