Victrex to Manufacture PEEK in China
Victrex plc announced the creation of a joint-venture
between its subsidiary, Victrex Hong Kong Limited, and
Yingkou Xingfu Chemical Company Limited, to build and
operate a new PEEK polymer manufacturing facility in
Liaoning, China, subject to certain performance conditions,
including finalizing land purchase and permit applications.
Victrex, which will be the majority partner and
lead the joint-venture, will benefit by further differentiating
and complementing its portfolio of PEEK and PAEK
grades, in anticipation of a range of significant long-term
growth opportunities across several end markets in China,
as well as aligning with China’s ‘Made in China 2025?initiative,
where specifying domestically produced PEEK in
certain applications is expected to gain momentum.
Victrex already has an established relationship with its
joint-venture partner through its monomer supply chain,
with Yingkou Xingfu having significant experience of developing
and operating chemical facilities in China which meet
international quality, process and environmental standards.
The joint-venture will establish Victrex Hong Kong Ltd as
the majority partner with a 75% share, with leadership
being assumed by Victrex once the facility is operational.
For more information, contact Victrex USA, Inc., 300
Conshohocken State Road, Ste. 120, West Conshohocken,
PA 19428, 484-342-6001, Fax: 484-342-6002, Web: