Posted 12 May 2008
Akcros announces JV with Dalian Xingyuan
Dalian Xingyuan Fine Chemicals Company and Akcros Chemicals have announced the formation of Dalian-Akcros JV Company Pte Ltd (DAK-STAR); a joint venture that will develop, register, manufacture, formulate and market isothiazolone based antimicrobials on a global scale, including OIT and DCOIT.
“We are extremely excited about this cooperation bringing together the isothiazolone production knowhow of Dalian Xingyuan Fine Chemicals with the formulation expertise of Akcros Chemicals to create a joint venture that will stress quality, new product development and customer support”, announced Chairman of Dalian Xingyuan Fine Chemicals, Jiang Zhikai.
Jeff Simmonds, CEO of Akcros Chemicals, added, “DAK-STAR optimizes the strengths of both partners by combining our already extensive sales & distribution networks to create a commercial enterprise poised to grow in a number of global market segments including vinyl, paint & coatings and adhesive & sealants”.
Based in Singapore, this new venture will produce and formulate product in Asia, Europe and the US using the partners’ existing plant and new investments, including a new plant investment in China.This will be backed up by an expansion of the application testing capabilities of both partners.This will create a powerful combination of low cost production and excellence in technology for DAK-STAR’s new customers.