Chemfab announces startup of new operation in China.MERRIMACK, N.H.--(BUSINESS WIRE)--April 16, 1996--Chemfab Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CMFB CMFB Committee on Monetary, Financial and Balance of Payments Statistics (Europe) CMFB Common Mode Feedback (signal amplifiers) CMFB Cosine-Modulated Filter Bank ) today announced the establishment of a newly-formed wholly-owned subsidiary in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The company's legal name is Chemfab (Suzhou) Co. Ltd. Chemfab Suzhou, which is located in the city of Suzhou in Jiangsu Province (approximately 50 miles inland from Shanghai), will initially focus on serving the rapidly growing demand in China for high-performance fluoropolymer A fluoropolymer is a polymer that contains atoms of fluorine. It is characterized by a high resistance to solvents, acids, and bases. Fluoropolymers were discovered serendipitously in 1938 by Dr. Roy J. Plunkett. composite conveyor belts and pressure sensitive tapes Pressure sensitive tape, PSA tape, Adhesive tape, Self stick tape, Sticky tape consists of a pressure sensitive adhesive coated onto a backing material such as paper, plastic film, cloth, or metal foil. used in the textile, screen printing, garment manufacturing, food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. and packaging industries. The company will also offer a wide range of fluoropolymer-based engineered products for varied industrial applications, including electric power generation, communications and electronics. Operations are scheduled to commence in May 1996. Commenting on this new business operation, Duane C. Montopoli, Chemfab's president and chief executive officer, said, "Chemfab is the global market and technology leader in our industry. This new operation in China will further strengthen our position in Asia, the most exciting and rapidly growing market in the world, by being close to our customers with efficient, low cost manufacturing capability and effective sales and service." Chemfab Corp. is an international company that develops, manufactures and markets polymer-based engineered products and materials systems for use in severe service environments. The company's products typically consist of fiber-reinforced flexible composites, coated or laminated with fluoropolymers, and specialty fluoropolymer films. Worldwide end-use applications are in electronics, environmental, food processing, architectural, aerospace, communications, protective clothing and other industrial markets. CONTACT: Chemfab Corp., Merrimack William H. Everett, 603/424-9000 |
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