In recent months, major chemical companies have continued to expand their presence in China, establishing research and development institutions to support long-term growth in the region. This has been accompanied by a significant increase in investment, as global players recognize the immense potential of the Chinese market. According to a recent report by "Chemical Weekly" in the United States, China’s rapidly growing chemical industry offers unique opportunities for sustainable development for international chemical firms.
As part of this expansion, Degussa plans to build an integrated methacrylate unit in China. This will be the company's largest single investment between 2006 and 2008, totaling 2.1 billion euros. In addition, Degussa will complete the acquisition of a majority stake in a joint venture focused on PEEK production in Changchun. The company also intends to construct an organic peroxide production facility in Shanghai, further strengthening its local footprint.
Meanwhile, Hercules, a U.S.-based company, launched its subsidiary Hercules Tempe Chemical Company in early March. This joint venture is set to become the leading producer of methyl cellulose (MC) in China. Initial production capacity at the Zhangzhou and Zhangjiagang facilities is 6,000 tons per year, with a second 12,000-ton MC plant in Zhangjiagang currently under construction and expected to begin operations in the second half of the year.
Italian firm Uhdenora has signed contracts to supply two chlor-alkali installations in China. It will provide electrolyzers to Jinyuyuan Chemical Industry Co., Ltd. in Ningxia, doubling the capacity of its Qingtongxia plant to 80,000 tons per year. Caustic soda production is scheduled to be completed by the end of the year. Additionally, Uhdenora will expand the caustic soda production capacity at Jiangsu Caicang Chemical’s plant in Taizhou, increasing total output to 160,000 tons annually.
GE Toshiba Silicones, a joint venture between GE Advanced Materials and Toshiba, is building a new silicone production facility in Nantong. The project involves a $78 million investment, with the new unit expected to be completed by the end of 2007. This will be the largest GE Toshiba Silicone plant in China, helping the company deliver advanced silicone technology more efficiently by shortening the supply chain.
In another move, the Alfa Aesar Division of British JM Corporation established a Chinese subsidiary in mid-March and set up a distribution center in the Tianjin Economic Development Zone. The facility will handle storage, distribution, quality control, and repackaging of bulk and specialty chemicals. The company also plans to establish a laboratory in China to better serve its local customers.
Wheel Products, Wheel Products 10, Wheel Products for sale, Wheel Products buy
Guangzhou One-Stop Engineering Plastics Industries (group) Co., Ltd , https://www.onestopmould.com