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ROHM AND HAAS ANNOUNCES FORMATION OF JOINT VENTURE IN CHINA

 ROHM AND HAAS ANNOUNCES FORMATION OF JOINT VENTURE IN CHINA
 PHILADELPHIA, Oct. 16 /PRNewswire/ -- Rohm and Haas Company (NYSE: ROH) announced today it will create a joint venture with Beijing Chemicals Industries (Holdings) Corporation to manufacture and sell acrylic and related products in the People's Republic of China.
 The new venture will be known as Beijing Eastern Rohm and Haas Company, Limited (BERHC), and will offer emulsion products for a broad range of industries in China. BERHC supersedes a cooperative marketing venture that had been in place since 1988.
 "A manufacturing site in Beijing fits well with our ongoing strategy to expand operations in Asia," says William A. Kulik, vice president and director of Rohm and Haas Company's Pacific Region. "The Chinese market, in particular, is expanding rapidly. We look forward to building upon the business that has been established by the partners over the past several years."
 Rohm and Haas Company, through its Rohm and Haas China, Inc. subsidiary, will hold 60 percent interest in the new firm. Beijing Chemicals Industries (Holdings) Corporation will have a 40 percent stake. Sales for BERHC are expected to be in the range of $20-25 million per year.
 /delval/
 -0- 10/16/92
 /CONTACT: Laura Hadden of Rohm and Haas, 215-592-3054/
 (ROH) CO: Rohm and Haas Company; Beijing Chemicals Industries (Holdings)
 Corporation; Rohm and Haas China ST: Pennsylvania IN: CHM SU: JVN


CC -- PH023 -- 1005 10/16/92 13:43 EDT
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Publication:PR Newswire
Date:Oct 16, 1992
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