The enormous potential of China's chemical product consumer market is attracting the international chemical giants to accelerate their “grass beachâ€.
Bayer is one of them. Dr Rena Reti, Head of High Performance Resins Division of Bayer MaterialScience's Polycarbonate Unit, revealed that Bayer will invest additional capital in setting up its polycarbonate production capacity at the integrated base of the Shanghai Chemical Industry Park. Million tons increased to 200,000 tons. This polycarbonate project is planned for 20
It was put into production in 2008.
Bayer Material Science and Technology Group, where Reti is located, is one of the world's largest polymer companies with 2006 sales of more than 10 billion euros. Polycarbonate is an important part of Bayer MaterialScience.
Reti said that Bayer will also invest in the construction of an annual production capacity of 7,500 tons of polycarbonate fiber production line in an integrated base in Shanghai to improve the impact resistance and fracture resistance of polycarbonate applications.
In addition, Bayer has added nearly 80 million euros in investment to strengthen the Bayer Polycarbonate industry's global network by establishing specific market regions for emerging hot markets. China is one of the major target markets for this investment.
In fact, Bayer is just one of the members of the international chemical "corps" that has accelerated its business expansion in China. As one of the world’s largest consumers of chemical products, China’s attractiveness to them is self-evident.
In mid-May, 131 German chemical companies made appearances at the 6th Achema Asia Exhibition held in Beijing, hoping to obtain orders from China with their innovative technologies and products.
At the China International Rubber and Plastic Fair held in Guangzhou recently, LANXESS, a German-based chemical giant, announced that it will double its capacity at Wuxi’s engineering plastics plant during the year and establish Asia’s largest leather chemicals research and development center in Asia. In addition, the rubber research center in Qingdao has also started planning.
It is estimated that the demand for chemical products in the Chinese market by 2010 will maintain an annual growth rate of 7%, much higher than the 2.5% growth rate in Europe.
Dr. Oberham, president of the German Chemical Engineering and Biotechnology Association, said that the global chemical industry’s attention to the Chinese chemical industry has exceeded that of any other country.
Bayer is one of them. Dr Rena Reti, Head of High Performance Resins Division of Bayer MaterialScience's Polycarbonate Unit, revealed that Bayer will invest additional capital in setting up its polycarbonate production capacity at the integrated base of the Shanghai Chemical Industry Park. Million tons increased to 200,000 tons. This polycarbonate project is planned for 20
It was put into production in 2008.
Bayer Material Science and Technology Group, where Reti is located, is one of the world's largest polymer companies with 2006 sales of more than 10 billion euros. Polycarbonate is an important part of Bayer MaterialScience.
Reti said that Bayer will also invest in the construction of an annual production capacity of 7,500 tons of polycarbonate fiber production line in an integrated base in Shanghai to improve the impact resistance and fracture resistance of polycarbonate applications.
In addition, Bayer has added nearly 80 million euros in investment to strengthen the Bayer Polycarbonate industry's global network by establishing specific market regions for emerging hot markets. China is one of the major target markets for this investment.
In fact, Bayer is just one of the members of the international chemical "corps" that has accelerated its business expansion in China. As one of the world’s largest consumers of chemical products, China’s attractiveness to them is self-evident.
In mid-May, 131 German chemical companies made appearances at the 6th Achema Asia Exhibition held in Beijing, hoping to obtain orders from China with their innovative technologies and products.
At the China International Rubber and Plastic Fair held in Guangzhou recently, LANXESS, a German-based chemical giant, announced that it will double its capacity at Wuxi’s engineering plastics plant during the year and establish Asia’s largest leather chemicals research and development center in Asia. In addition, the rubber research center in Qingdao has also started planning.
It is estimated that the demand for chemical products in the Chinese market by 2010 will maintain an annual growth rate of 7%, much higher than the 2.5% growth rate in Europe.
Dr. Oberham, president of the German Chemical Engineering and Biotechnology Association, said that the global chemical industry’s attention to the Chinese chemical industry has exceeded that of any other country.
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