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Foreign investment is optimistic about China's coating market, strengthen confidence in China's coating development

foreign investment is optimistic about China's coating market, strengthen confidence in China's coating development

February 9, 2009

[China coating information] in 2008, with the slowdown of the world economic development, the prosperity of the global chemical industry declined, and the depression of the chemical industry directly led to the slowdown of the growth of the coating market. A crisis has also highlighted the unlimited potential of China's domestic paint market. In 2009, foreign investment seems to be optimistic about China's paint market. Many multinationals have shut down factories, laid off workers and cut new investments in other countries around the world, but they have added new projects to China. There are many sharp contrasts between the global production reduction and layoffs and the investment and capacity expansion in China. Since China suffered relatively little impact from the financial crisis and its economic growth is still higher than that of other countries, multinational companies now describe the use and operation methods of this experimental machine as follows: in the process of transformation to a global company, they instinctively prefer China

the trend of foreign investment in China's coating industry in 2008 clearly indicates the development opportunities of the coating industry in 2009. At present, China has become the third largest market of Dow after the United States and Germany in terms of a single national market. Dow adheres to the strategy of local construction in China. Dow currently has a total investment of US $1billion in China, most of which is used to enhance Dow's production capacity in China. In addition, Dow's world-class R & D in Shanghai contains Milad? Nxtm8000 ultra permeable polypropylene sheet can be widely used in the field of fruit, meat products and fast food packaging. The center will be put into operation in 2009

China will be Celanese's strongest driving force for development in the next decade at least. By 2010, Celanese expects 45-55% of its revenue to come from Asia. The vast majority of this revenue comes from China. At present, Celanese is making a series of large-scale investments in China. Including the Nanjing super large integrated chemical base with an investment amount of more than US $300 million, which is also Celanese's largest integrated chemical project in the world. Another important investment is the ground breaking Shanghai Business Technology Center, which is expected to be put into operation in early 2010

thomaskoini, vice president of Wacker Greater China, said: the investment in China's special chemicals is also very huge. At present, the first phase of wacker's siloxane and fumed silica plant in Zhangjiagang has been put into operation in November this year; The world-class VAE lotion and powder base invested by Nanjing in polymer will have a very good performance. Wacker's technology center in Shanghai has also been expanded, which will be twice as large as before. Wacker has invested about US $100 million in China and will invest more than US $200 million in China in the next few years

that is, at the end of 2008, AkzoNobel functional chemicals, a world-famous coating manufacturer, announced that it would open a new plant in Shanghai, China, to produce Elotex Elotex redispersible polymer powder and functional additives. Nordson also announced the completion of upgrading the industrial coating application laboratory in China. Evkona is also actively expanding in Asia, and the China Jiangsu auxiliary project has been officially put into operation

multinational corporations have made profits in China and increased their investment in China. It is understood that most investors still regard China as their main investment destination and declare that their business objectives in China remain unchanged. When the impact of the financial tsunami on the real economy gradually deepened, many non-financial multinational companies' business in China not only did not shrink, but also grew considerably. For multinational companies, when their global business performance declines, China has become their safe haven. The growth and profitability of sales revenue in China has become a highlight of some multinational companies' global business

China is in the position of energy consumption and resource consumption in the global paint industry division system. Here is a summary of some methods. How to establish a safety guarantee mechanism for environmental protection and resource supply in China's paint production will be a major strategic issue China will face for a long time

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