Sumitomo Chemical has established a 80-20 joint venture with Dalian Jingang Group Co. Ltd. to manufacture high-performance greenhouse films and other products.
The new company, Dalian Sumika Jingang Chemicals Co. Ltd., will construct new production facilities in the Dalian Economic and Technological Development Zone of Liaoning province, Sumitomo announced last month in a news release. The target annual capacity is 4,000 metric tons of plastic films.Dalian Sumika Jingang was registered with 515 million yuan in paid-in capital.