ALBRIGHT and Wilson, the British chemical offshoot of the giant United States industrial conglomerate Tenneco, has joined the fray of western companies attempting to capitalise on China's multi-million dollar toiletries and detergent market.
Albright is joining forces with Hunan Resun Industrial General, marking the first in a number of thrusts that the company intends to make into China. The 50 per cent deal with Hunan involves the production of surfactants, a vital ingredient needed in the manufacture of laundry detergent, toothpaste and shampoo.
Further moves are also planned which should see the company expanding from speciality chemicals manufacturing in China to production of phosphates.
Albright, which is soon to be floated in a move expected to raise up to US$1 billion, already has several plants in Southeast Asia, with factories in Thailand, Malaysia, Singapore, the Philippines and Indonesia.
The new joint venture will be based in Changsha, Hunan province, and is primarily aiming to service the welter of western companies manufacturing detergents in China, who require high quality ingredients for the production of end products.
This manufacturing base in China will enable us to use our extensive technical know-how to provide locally produced products at international standards for our multi-national customers, many of whom are seeking to expand their operations in China' said Albright chief executive Robin Paul.
'We believe that China will become a vast market for the consumer products which we help produce.'