The latest report from the US "Chemical Weekly" pointed out: China's chemical market contains rare business opportunities
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According to the report, based on this understanding, Degussa will build an integrated methacrylate unit in China. This project will be Degussa's largest single investment of 2.1 billion euros from 2006 to 2008. The company will complete the acquisition of major shares in the joint venture of PEEK in Changchun; in addition, an organic peroxide production facility will be built in Shanghai.
According to reports, the Hercules company in the United States in China Hercules Tempe Chemical Company officially operated in early March. The joint venture will be the leading producer of methyl cellulose (MC) in China, with an initial capacity of 6,000 tons/year at the production bases in Zhangzhou and Zhangjiagang. In addition, the 12,000-ton/year MC facility in Zhangjiagang is under construction and will be put into operation in the second half of this year.
Uhdenora, based in Milan, Italy, will contract two chlor-alkali installations in China. The company will supply two electrolyzers to Jinyuyuan Chemical Industry Co., Ltd. in Ningxia, doubling its capacity in Qingtongxia to reach 80,000 tons/year. Caustic soda is scheduled to be completed in the fourth quarter. Uhdenora will also expand its capacity for Jiangsu Caicang Chemical's caustic soda plant in Taizhou. After the project is completed, the company's total capacity for caustic soda will be increased to 160,000 tons/year.
GE Toshiba Silicones, a joint venture between GE Advanced Materials and Toshiba, will also build a new silicone production facility in Nantong. The two companies will invest US$78 million and the new unit will be completed by the end of 2007. This will become the largest GE Toshiba Silicone Plant in China. The new device will help GE Toshiba Silicones provide advanced silicone technology to China by shortening the supply chain.
In addition, the Alfa Aesar Division of British JM Corporation formed a Chinese company in mid-March and set up a distribution center for Chinese customers in the Tianjin Economic Development Zone. The new device is used for the storage and distribution of bulk and specialty chemical products and for quality management and product repackaging. Based on this, the company also plans to establish a laboratory in China.
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