Chemical giant Chinese market continue to be optimistic

      Although China 's economic slowdown , most chemical companies in China and overseas sales decline, but analysts generally believe that China's economy compared with other countries is still relatively strong. Especially in the "second five" plan guidelines of the Chinese government , China is committed to sustainable economic development and industrial structure adjustment, thus promoting the growth of demand for various chemical products .

      KPMG China and the Asia-Pacific Chemical Norbert Meyring business manager , said from 2013 to 2015 , Chinese chemicals market will continue to maintain strong growth , with an average annual growth rate of 9 % -11 %. The main factor driving China's future growth in demand for chemicals , including urbanization , high-quality transportation, green building , information and communication technology and water treatment. Based on the same understanding, many international chemical giants are to further expand investment in China , continue to strengthen its market position .

      President of BASF Greater China Houyu Zhe (Albert Heuser), said China's new economic policies BASF offers numerous opportunities for development, especially the "Twelfth Five-Year Plan" emphasis on sustainable development, a positive impact on the chemical industry and related industries. For example, automotive lightweight material cause parts to plastic instead of metal, BASF in the automotive, construction, water treatment, paper industry is expected to more cooperation with China to provide technical solutions, such as energy conservation and emission reduction. BASF also through continuous investment, focusing on growth industries, while strengthening local innovation and achieve sustained and rapid growth. BASF announced in June, 2013 to 2020, the company will invest 10 billion euros in the Asia-Pacific region, the Asia-Pacific region in 2020 will achieve annual sales of 25 billion euros, of which 10 billion euros investment will occur in most of China. At the same time, BASF is also looking for opportunities for Chinese business acquisitions to further expand its business scale.

        South Korea 's major chemical companies are optimistic about the huge Chinese market and plans to strengthen investment in China to achieve business growth . LG Chemical Company in 2012 sales in China reached 9.8 trillion won (U.S. $ 8.82 billion ) , China has become the second largest market for LG Chem , representing approximately 42% LG Chemical in 2012 total sales. LG Chem expects sales in China will increase by 5 % to 7 % over 2012 . Since 2009 , LG Chemical has invested about 40 billion yuan for the construction of new capacity in China and stimulate consumption. LG Chem said, because the Chinese market booming , transparent business management , and consumer purchasing power is growing, companies continue to favor the Chinese market. In particular, alternative energy and environmental products , and other related services will provide tremendous opportunities for advanced materials , these businesses include SSBR , ethylene propylene rubber , specialty polyethylene. In the long run , China electric car battery market will grow rapidly.

        SK Innovation Company under the SK Global Chemical Company is currently undergoing a major Chinese investment projects , and plans to expand operations in China. SK Global Chemical in 2012 achieved sales of about 9 billion yuan in China . The company said the joint venture with Wuhan ethylene and Ningbo 50,000 tons / year EPDM plant in operation, the company expects 2014 sales in China will increase significantly. In addition , SK Global Chemical in Shanghai built a capacity of 60,000 tons / year of solvent plant. Earlier this year, the company also formed a joint venture petrochemical company , will build a 200,000 t / year BDO plant in Chongqing.

       Although the decline in Japan's major chemical companies in China sales , but these companies are still optimistic about the Chinese market. Mitsubishi Chemical said its operating environment continues to be challenging in China , mainly due to China 's synthetic fiber , steel materials , flat panel displays and other overcapacity. Nevertheless, the company remains optimistic about the opportunities for development in China , such as water treatment, air pollution prevention and biodegradation of environmental protection and sustainable development -related products, functional films , biodegradable resins and other business areas of functional materials and solar photovoltaic products will provides a huge market opportunity for the Mitsubishi Chemical .Mitsui Chemicals believes , phenol, ethylene propylene diene copolymer (EPT), metallocene polymers , non-woven fabric products with great potential for growth in China . Mitsui Chemicals will increase investment to expand production capacity in China to win the chance to take advantage of product superiority . 2012 Mitsui Chemicals and Sinopec set up a 50:50 joint venture - Shanghai Sinopec Mitsui Elastomers , will build 75,000 tons / year of EPT project , the first quarter of 2014 is expected to begin commercial production. In addition, a cumene phenol- acetone project in Shanghai, the company will also be put into operation in the first quarter of 2014 , in Tianjin, 15,000 tons / year of non-woven plant will soon be put into commercial operation.

       Asahi Kasei Corporation will also continue to expand the automotive, health care , water treatment, electronic products business expansion in China , and the construction of new production capacity to meet market demand.