Here is information on the investment scale of some chemical companies in China:
1. BASF: BASF's customer sales in the Greater China region amount to around €12.1 billion, with 26 major wholly-owned subsidiaries, 10 major joint ventures, and 25 sales offices in the region. Over the past 20 years, BASF has invested more than €8 billion (and together with partners more than €11 billion) in the Greater China region.
2. Dow: Dow's investment in China includes the establishment of a state-of-the-art integrated silicones production plant in Zhangjiagang, Jiangsu Province, which is expected to serve the rapidly growing demand for silicone materials in China and Asia. Dow's manufacturing base in Zhangjiagang is currently the largest of its kind in China.
3. LG Chem: LG Chem plans to collaborate with Huayou Cobalt to establish a precursor plant in Morocco with a total investment of 12 trillion won (approximately $9.8 billion), aiming to achieve large-scale production by 2028.
4. LyondellBasell: LyondellBasell has signed an agreement with Sinopec to form a 50:50 joint venture to build a new propylene oxide (PO) and styrene monomer (SM) production unit in Zhenhai, Ningbo, China. The unit will have an annual capacity of 275,000 tons of PO and 600,000 tons of SM.
5. DuPont: DuPont has invested approximately $30 million in a new manufacturing facility in Zhangjiagang, Jiangsu Province, primarily to produce adhesive products for the automotive industry to meet the demands of automotive electrification and lightweighting.
These investments demonstrate the focus of these chemical companies to the Chinese market and their commitment to business expansion and long-term engagement in China. Please note that specific investment scales and project details may change over time and with market conditions.
