The new joint venture facility, which will produce specialty phenolic resins, is located in Zhenjiang, Jiangsu, China, and is adjacent to an existing UPC Technology Corporation manufacturing complex. This construction represents the first portion of a two-phase project, which will create an 80 KT/annum specialty phenolic resins facility. The new plant will produce a full range of specialty novolac and resole phenolic resins, which will be provided under several trade names of Momentive Specialty Chemicals. These materials are used in applications including refractories, friction, abrasives and electronics. One of Momentive Specialty Chemical’s predecessor companies invented phenolic resins and has a rich heritage of more than 100 years of innovation in phenolic technology and product advances.