Hercules Incorporated (NYSE: HPC) announced that its Aqualon business unit will build a world-scale manufacturing plant in Nanjing, China for its hydroxyethylcellulose (HEC) family of products.
Hercules signed a Letter of Intent today with the Nanjing Chemical Industry Park (NCIP), where the plant will be located. The NCIP is a modern, highly integrated chemical manufacturing complex strategically located with excellent logistics to supply Chinese and export customers. The new plant's annual production capacity will be 15,000 metric tons and is expected to start up in mid-2008.
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