Uzin Utz AG

ots Ad hoc-Service: Uzin Utz AG UZIN UTZ AG establishes Joint Venture in China

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Ulm (ots Ad hoc-Service) - UZIN UTZ AG Ulm, one of the leading European suppliers of special chemical products for the building industry, has established a Joint Venture in China. UZIN is thus one of the first European special chemical product concerns to become significantly active in China. Together with a local company, the Shanghai Shenzhen Enterprise Development Co. Ltd., which is active in a related branch of industry and already has a highly developed sales and distribution organisation, and a German holding company, UZIN will build a factory for the production of adhesives for floor coverings, primer and tile adhesives for the building trade. UZIN and the German holding company will have the majority shareholding. This new Joint Venture will be located in Shanghai and begin production in the second half of the year 2000. In the first phase of development the plant will have an annual capacity of 10,000 tons. UZIN expects positive results as early as the first year of operations. End ----------------------------------------------------- Internet: Original-Content von: Uzin Utz AG, übermittelt durch news aktuell

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