Under the terms of the LOI, DuPont will cooperate with Zhonghao to produce HFC-404A, -407C, and -410A refrigerant blends. The companies plan to manufacture the refrigerants at a new facility in the Changshu Municipality, Jiangsu Province.
Refrigerant blends produced by the joint venture will be marketed in China and other Asian countries by DuPont under the DuPont Suva® brand. DuPont will also be the majority owner of the joint venture, which is expected to be formed later this year following regulatory approvals and completion of due diligence. Refrigerant manufacturing is expected to begin in the first half of 2004.
Publication date: 04/21/2003