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(Plastemart) -- US-based
Merletti Partners International has formed an alliance with Hong Kong firm Rose
Rock Infrastructure. The latter, through its joint venture with Hongfa
Investment, will build and manage a new petrochemical import terminal in
Tianjin, China - the fifth busiest port in the world at an investment of USD 256
mln. Merletti will be in charge of all project-related security and will manage
ongoing security needs upon commencement of operations. This is the first time a
western company has purchased a stake in a Chinese petrochemical port.
Development on the site is scheduled to take two years to complete, in which
time two 10 KTn chemical berths will be built.
mrcplast.com
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