Mar 07, 2006
BEIJING (AFX) – Shell China Holdings said it will acquire Koch Materials China (Hong Kong) in a deal that will more than double its bitumen business in the country.
In a press release, Lim Haw Kuang, executive chairman for Shell Companies in China, said that the purchase of the local bitumen maker and marketer underscores the multinational's commitment to develop its downstream business portfolio. The statement gave no financial details but noted the agreement to buy Koch Materials China was signed on Feb 28.
Shell expects to take control of the Koch Materials China business in the second quarter of this year subject to regulatory approval, it added.
Koch Materials China has interests in companies operating six bitumen manufacturing plants in the mainland cities of Tianjin, Xian, Foshan, Zhenjiang, Ezhou and Luzhou, with a total production capacity of about 4,200 tons per day. It also has interests in two mobile plants and a supporting technical laboratory in Beijing.
Shell bitumen products are currently produced in five plants in the Chinese cities of Zhapu, Tianjin, Nanjing, Mawei and Qinzhou, which have a combined production capacity of 2,400 tons per day.
“China is one of Shell's key strategic markets in the world and we are committed to growing our presence where viable opportunities are identified that offer potential for earnings growth,” Lim Haw Kuang said.
Shell Bitumen's vice president Egbert Veldman said that the acquisition represented a “step change” in the scale of Shell's bitumen business, improving market coverage and allowing the company to offer road surface products across China.
Shell bitumen products are currently produced in five plants in the Chinese cities of Zhapu, Tianjin, Nanjing, Mawei and Qinzhou, which have a combined production capacity of 2,400 tons per day. sr/dk
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.














IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:


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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































