Deals pave the way for asphalt market in China

US firm Guggenheim Global Infrastructure (GGI) has acquired a majority stake in China-based asphalt rubber
(AR) specialist King Tech International (KTI). GGI says the buy is a strategic fit since China has an
ongoing need to expand its road network. It also said, “KTI has an experienced technical team with more than 35 years of AR design and paving experience.”

KTI has conducted several test pilot projects aggregating over 25,000 tonnes of AR in the Chinese mainland as well as Hong Kong.

Meanwhile, Dutch firm AkzoNobel has completed its acquisition of China’s speciality surfactant producer
Boxing Oleochemicals that supplies nitrile amines and derivatives used in a variety of industrial and
consumer applications including fabric softeners, asphalt additives and hair conditioners.

The acquisition will further strengthen AkzoNobel’s position in speciality surfactants while enhancing its manufacturing footprint in Asia. This transaction was first announced in July 2011.

Established in 1993 and based in the province of Shandong, Boxing had a revenue of EUR100 million in 2010. Its activities will be integrated into AkzoNobel’s Surface Chemistry business.(PRA)