BATF and Synthomer Plan China Joint Venture for Coatings Raw Materials
BATF Group and Synthomer signed an agreement at CHINACOAT in Guangzhou, China, to establish a China-based joint venture focused on coalescing agents and polyester resins for powder coatings. The proposed venture would develop, manufacture and sell both types of materials.
Synthomer plans to license its polyester resin technology to the venture and take a minority stake. The arrangement pairs that technology and application expertise with BATF’s manufacturing operations and supply network in China.
The agreement is subject to closing conditions, including regulatory approval in China. Coalescing agents help waterborne coatings form a continuous film, while polyester resins serve as binders in many powder coatings.
The venture would add a local source of polyester binders for powder coatings formulators in China.
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