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Air Products Wacker-Chemie Launch Joint Ventures

 Air Products and Chemicals Inc., Lehigh Valley, Pa., and Wacker-Chemie GmbH, Munich, Germany, recently launched their emulsion and redispersible powder joint venture companies, culminating months of negotiations between the two companies to consolidate their respective positions within these polymer chemical businesses.

According to the companies, the joint ventures are expected to have combined sales revenues exceeding $800 million. The new emulsions joint venture company, Air Products Polymers L.P., will have its worldwide headquarters near Allentown, Pa., European headquarters in Burghausen, Germany, and manufacturing facilities in Germany, Mexico, Korea and at six locations throughout the United States.

The redispersible powders joint venture company, Wacker Polymer Systems L.P., is based in Burghausen and will supply customers with products manufactured there and in Calvert City, Ky. Its technical centers are located in Europe, the United States, Brazil, Singapore and Shanghai, China.

January 1999