W. R. Grace & Co. has signed an agreement with the
Qingdao Bureau of Commerce for an investment in China to
manufacture fluid catalytic cracking (FCC) catalysts and other
related products for the refining industry, the company said
In order to complete the investments, Grace has established
a wholly foreign-owned enterprise (WFOE) in Qingdao, it
This is an important step towards expanding
Graces FCC catalyst manufacturing capabilities to serve
our customers in China and other countries in the fast-growing
Asia Pacific region, said Shawn Abrams, president of
Grace Catalysts Technologies.
We look forward to successful cooperation with the
government of Qingdao.
Grace founded Grace China Ltd. in 1986 as the first WFOE to
do business in China - through its can sealants plant in
Currently, Grace operates 5 manufacturing facilities, 3 sales offices, and 2
technical service centers in mainland China, including its Asia
Pacific regional headquarters in Shanghai.
Construction dates and financial
terms of the investment were not disclosed.