International chemical giants fall in love with Chinese fertile land
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This is a microcosm of the world's chemical multinational companies competing to invest in China. Since the "Eleventh Five-Year Plan" period, China's developing chemical market has provided transnational corporations with huge business opportunities and space. Multinational corporations have fallen in love with China's fertile soil. By the end of 2009, foreign-funded enterprises in the entire industry had exceeded 3,000. The scale and intensity of foreign investment have been significantly increased, and the business field has continued to expand, covering all aspects of oil product marketing, petrochemicals, fine chemicals, specialty chemicals, synthetic materials processing, petrochemical warehousing and logistics, and high value-added end products.
During the “Eleventh Five-Year Plan†period, the completion of a series of large-scale Sino-foreign joint venture chemical projects has attracted attention. The operation of Nanjing Yangba Integration, Huizhou Zhonghai Shell Nanhai Petrochemical, Shanghai Secco Petrochemical and other projects has enabled China to have a number of world-class petrochemical complexes. With the signing of large-scale chemical projects of many multinational corporations, the government has formulated corresponding preferential policies and a number of supporting facilities have been launched one after another. At the same time as the construction of these projects started, it also gave birth to a number of chemical parks in China that are quite large in size and can be compared with world famous chemical parks.
Under the encouragement of relevant national encouragement policies, the R&D centers set up by multinational corporations in China have increased rapidly in recent years. The establishment and operation of these R&D institutions has played an active role in China’s expansion of foreign economic and technological cooperation, enhancement of enterprises’ technological innovation capabilities, and training of technical talents. effect.
The way in which chemical multinational companies invest in China is also changing. Foreign investors not only use China as a production base, but also serve as an important sales market and source of profits. Investment motivation has turned from seeking resources to seeking markets. On the basis of the continuous expansion of investment in China, chemical multinational corporations have carried out timely integration of their business in China, adopted specialization in the form of mergers, divisions, etc. to achieve unified management and resource sharing to reduce operating costs. Improve profitability and create competitive advantage.
Faced with the competition for foreign investment, China’s chemical industry continued to expand its opening to the outside world, comprehensively promoted the construction of the park, continued to optimize the development environment, and accelerated the promotion of an open economy, especially the use of foreign capital and foreign trade to catch up and achieve a good economy in the industry. Rapid development.