Degussa acquires Chinese additive firm
Degussa’s Chinese subsidiary announced Monday it has acquired all assets of Beijing Xinzhuang Huiqiang Admixture Ltd, a leading concrete additive producer in China.
"After this acquisition, Degussa China will be able to provide latest technology and products developed locally to its customers in Beijing," said Dr. Boris Gorella, President of Degussa Asia Pacific, Business Unit Admixture Systems.
Degussa began to produce additives in China in 1988. The company has established two production plants in Shanghai and 11 offices throughout China.
Founded in 1985, Huiqiang Admixture Co, Ltd is located in Fengtai District in southwestern Beijing. The company mainly produces concrete additives and products needed in the production of additives.