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Umeco creates a JV to produce vacuum bagging films in China

September 30/2010

(PlastEurope) -- The processed materials business of composites specialist Umeco has entered a joint venture with its Chinese distributor Shanghai Leadgo Technology to establish a facility in Shanghai to manufacture vacuum bagging films for the rapidly growing Chinese wind energy market. Both companies are investing around RMB 28m (EUR 3.1m) in the jv.

 

The new facility is expected to be fully operational by the end of 2011. The jv, Shanghai Umeco Composite, will be 51% owned by Umeco, with Leadgo having a 49% stake. Umeco currently manufactures the films supplied to Leadgo for the Chinese market at its Industria Plastica Monregalese (IPM) facility in Mondovi / Italy. The British company expects that the global growth in the wind energy market will allow IPM to back-fill its production capacity once production for the Chinese market moves to Shanghai Umeco Composite's plant.

 

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Umeco creates a JV to produce vacuum bagging films in China

 

 

 

 

 

 

 

 

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