Melamine Plant Joint Venture in China by DSM and Fengxi

Fengxi Fertilizer, a China-based chemicals and fertilizer producer is setting up a joint venture with DSM to set up a melamine plant in the Shanxi province, China with major shareholder being Fengxi Group at 51% equity share. The investment cost is estimated at $14m.

The melamine plant will produce 52,000 tonnes/year of melamine in 2008, to be marketed under the brand name MelaminebyDSM to both the domestic and overseas markets.