The hottest international chemical giant falls in

2022-08-14
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International Chemical Giants Fall in love with China's fertile land

Zhangjiagang is a county-level city under Suzhou, Jiangsu Province. The Yangtze River International Chemical Park, located here, now has 20 world top 500 enterprises, including Dow Chemical, Dow Corning, DuPont, Chevron, Mitsui, Asahi chemical, Sumitomo, etc. Among them, 11 are among the top 50 global chemical companies, and 7 are among the top 10 of the top 50. These chemical giants have invested more than US $2billion in Zhangjiagang Yangtze River Chemical Park

this is a microcosm of the world's chemical multinational companies competing to invest in China. Since the "Eleventh Five Year Plan", China's developing chemical market has provided huge business opportunities and space for multinational corporations, which have fallen in love with China. By the end of 2009, the number of foreign-funded enterprises in the whole industry had exceeded 3000. The scale and intensity of foreign investment have been significantly increased, and the business areas have been continuously expanded, covering oil marketing, petrochemical industry, fine chemicals, special chemicals, synthetic material processing, petrochemical warehousing and logistics, high value-added terminal products and other aspects

during the Eleventh Five Year Plan period, a series of Sino foreign joint venture large-scale chemical projects were completed and put into operation. Meng Bingquan, former vice president of Shanghai Guangdong Academy of Building Sciences and a senior expert specially appointed by the Guangdong civil architecture society, told Caijing that the operation of hisaic petrochemical and other projects has enabled China to have a number of world-class petrochemical plants. With the signing of large-scale chemical projects by many multinational companies, the government has formulated corresponding preferential policies, and a number of supporting facilities have been launched one after another. While the number of sections of these test springs can be set as 10 at most, the project has also spawned a number of chemical parks in China that are quite large and comparable to world-famous chemical parks

driven by the relevant national incentive policies, the number of R & D centers set up by multinational companies in China has increased rapidly in recent years. The establishment and operation of these R & D institutions have played a positive role in China's expansion of foreign economic and technological cooperation, strengthening the technological innovation capacity of enterprises, and cultivating technical talents

the investment mode of chemical multinational companies in China is also changing. Foreign businessmen not only regard China as the production base of products, but also as an important sales market and profit source. The investment motivation has changed from seeking resources to seeking markets. On the basis of the continuous expansion of the scale of investment in China, chemical multinational companies have timely integrated their businesses in China, and adopted merger, separation and other methods to professionalize the division of income business, so as to realize unified management and resource sharing, so as to reduce operating costs, improve profitability and form competitive advantages

facing the competitive entry of foreign capital, China's chemical industry continues to expand its opening-up, comprehensively promote the construction of parks, continue to optimize the development environment, accelerate the promotion of an open economy, especially the catch-up and leap forward in the use of foreign capital and foreign trade, and achieve the same sequential calibration of the industrial economy: 100kN, 150kn, 200kn, 300KN When 300KN is completed, it will develop well and rapidly

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