Company to cease manufacturing operations at its Jinshan, China manufacturing facility
THE WOODLANDS, Texas, Feb. 21, 2024 /PRNewswire/ — SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, announced today a long-term supply partnership with Liaoning Dingjide Petrochemical Co., Ltd. (Dingjide) 603255:CHShanghai (CNY), a Chinese-based manufacturer of additives and other specialty chemicals. Through this partnership, Dingjide will manufacture certain SI Group products in China as a co-producer. As a result of the supply agreement, SI Group will cease manufacturing operations at its Jinshan, China manufacturing facility and list the property and associated legal entity for sale.
Under terms of the agreement, …