The hottest China has become the world's No. 2 tru

2022-08-01
  • Detail

China has become the world's No. 1 trump card for multinational chemical enterprises. It increasingly relies on "Chinese elements"

during the "Eleventh Five Year Plan", especially after the outbreak of the global financial crisis, more and more multinational chemical enterprises began to emphasize that the strategic expansion plan in China is not only to enhance their influence in Asia and China, but also a major measure to strengthen their global leading edge. When large multinational companies publish their annual and quarterly reports, they almost all emphasize the pulling effect of the Chinese market on their global performance. "Chinese elements" have become the trump card for multinational enterprises to lead the world

international analysts believe that China will continue to lead the world's chemical industry forward. Major global chemical companies are still optimistic about the Chinese market and continue to look for opportunities to increase Chinese investment and expand sales revenue, so as to recover from the recession faster

Dr. Wagman, President of German interdisciplinary professional association desima, said that in the post crisis era, the world should pay more attention to "Chinese elements". In the second half of 2009, the German chemical industry began to see a bright future, mainly due to the performance growth in the Asian region, especially in the Chinese market. In the development of emerging industries such as new energy vehicles, China's chemical industry has more congenital resource advantages and technological advantages than Germany

the importance of "Chinese elements" has become increasingly prominent in the strategies of major chemical giants

when BASF disclosed its development strategy for the Asia Pacific region in March2010, it stressed that it would actively participate in the growth of the Asia Pacific market, and a considerable part of its investment would be used in the Chinese market. Dr. Bo mule, a member of BASF's executive board in charge of Asia Pacific business, said: "China is the focus of BASF's Asia Pacific market. As we seize the opportunity of rapid recovery of the Chinese market, fuel consumption will also be reduced. BASF's production and sales began to pick up in the second half of 2009." BASF predicts that in the next few years, the Chinese market will grow steadily at an average annual rate of 5% ~ 6%, and China will continue to be the main driving force of the world economy and chemical market

Li Weicheng, chairman and CEO of Dow Chemical, said that China is Dow's third largest market, and Asia, especially China, is the focus of Dow's development. In Dow's firm commitment to the global market, the Chinese market has always been in the primary position. Customer demand growth in Asia is likely to be leapfrog, surpassing Europe and the United States

Evonik industries said that China's chemical market will account for nearly 20% of the global chemical market. Evonik will actively participate in this high growth market and strive to achieve the sales target of 2billion euros in Greater China by 2015. In order to achieve this goal, Evonik formulated and launched the strategic development plan of "the growth path of Greater China" in the autumn of 2008. According to this plan, Evonik has launched a number of cross business sector projects targeting key industries in China, such as automobile, construction, electronics and lighting

when talking about the characteristics of the company's development strategy, weisihan, CEO of AkzoNobel, said that the importance of the high growth market is becoming more and more prominent. At present, the revenue from high growth markets accounts for 37%, of which the Asia Pacific region including China accounts for 25%. AkzoNobel has locked 50% of its revenue in the high growth market in the next 10 years. China is the fastest growing market in the world, and it is also the strategic focus of AkzoNobel's development. Its sales revenue in China is expected to double in 2015. The company achieved sales of $1.5 billion in China last year and is looking forward to faster growth in the Chinese market in the future

LANXESS also attaches great importance to the Chinese market, and greater China has become an important pillar for the company to embrace the Internet ball strategy. China accounts for 51% of its sales in the Asia Pacific region and 11.5% of its total global sales. As the world's largest synthetic rubber producer, LANXESS continues to expand its local market in China

Yamamoto Chuen, chief marketing officer and general representative of teiren China, said that the company has identified China as one of its most important markets in the future and plans to expand its sales in China by three to four times by 2020. Xiaolinxiguang, President of Mitsubishi Chemical holding group, said that emerging markets such as China are considered to be the main driving force for global economic recovery, and the demand for bulk chemicals of about 80 kg/vehicle is playing a most important role without any difficulties and obstacles. Japanese chemical companies, including Mitsubishi Chemical, are relying on their geographical advantages to enter the Chinese market on a large scale

with China's increasing investment in renewable energy and green technology, in the eyes of the CEOs of multinational enterprises, China has become the preferred place for their long-term global strategic development. CEOs believe that if they cannot occupy a place in China's renewable energy market, especially in the field of wind and solar energy, the company will not be able to continue to lead the world. Q-cellsse, Siemens, COMESA, Vestas, Ashland, PPG, etc., whether raw material manufacturers or equipment manufacturers, almost all came to the Chinese market for gold

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI