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W.R. Grace to expand China operations

W.R. Grace & Co., a Columbia-based chemical manufacturer, said it signed a Memorandum of Understanding with the Qingdao, China, Bureau of Commerce for an investment in China to manufacture fluid catalytic cracking catalysts and related products for the petroleum refining industry. Financial details were not disclosed.

In order to complete the investment, Grace has established a Wholly Foreign-Owned Enterprise in Qingdao, a major city with a population of more than 8.7 million in Shandung Province of eastern China.

Currently, Grace operates five manufacturing facilities, three sales offices and two technical service centers in mainland China, including its Asia Pacific regional headquarters in Shanghai.