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[China Epoxy Resin Industry Online] May 12, 2005: Since the beginning of 2005, the world's chemical giants have continued to invest in China.
Swiss Ciba Fine Chemicals, which ranks among the top five in the world in the field of fine chemicals, signed a joint venture agreement with Wenzhou Liucheng Group to jointly invest more than 13 million US dollars to establish Zhejiang Ruicheng Pearlescent Pigment Co.
, Ltd.
to produce high-quality pigments; Bayer announced the establishment in Shanghai Caojing Polyurethane coating plant; South Korea’s LG Aromatics Company and Qingdao Kailian Group have started to construct a world-class aromatics project with an annual output of 700,000 tons of p-xylene; Germany’s third largest chemical giant and Europe’s sixth largest chemical giant, LANXESS, said Taking China's tire, leather and other specialized chemical markets as business breakthroughs, we will explore new markets or consolidate its market position through different operating methods, while avoiding a large number of concentrated investments.
It can be seen that, unlike the previous comprehensive and large-scale investment behavior, the world's chemical giants investing in China are developing in depth and specialization.
China’s insufficient development in certain specialized chemical fields has provided huge business opportunities for foreign companies that entered the market relatively late.
