ROHM & HAAS AGREES TO CHINESE VENTURE

ROHM & HAAS AGREES TO CHINESE VENTURE

Chinese officials Thursday said Rohm & Haas Co. of Philadelphia signed a letter of intent on a $200 million joint venture with the Beijing Dongfang chemical plant to produce acrylic monomers and relevant products.

The U.S. company established Beijing Dongfang-Rohm & Haas Co. Ltd. in 1993 with investment of $16 million.