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    Home > Coatings News > Paints and Coatings Market > Industry | Foreign-funded companies have confidence in China's economy

    Industry | Foreign-funded companies have confidence in China's economy

    • Last Update: 2021-03-28
    • Source: Internet
    • Author: User
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    In the past few days, many foreign-funded enterprises in China have actively resumed work and production while participating in the fight against the epidemic.
    According to the latest data from the National Development and Reform Commission, the resumption rate of key foreign-funded enterprises in Shanghai, Jiangsu, Shandong, Hunan and other places has exceeded 80%.
    The information learned by China Chemical Industry News also shows that recently foreign-funded enterprises in China have also actively resumed work and production, and promoted the construction of key projects.
    Many heads of foreign-invested enterprises believe that the impact of the epidemic on the Chinese economy is temporary and will not change the long-term trend of the Chinese economy.
    Shanghai's monitoring of 840 key foreign-funded enterprises shows that the rate of resumption of work at the end of February has exceeded 99%.
    Among them, Covestro has been operating in a holiday mode during the Spring Festival, and will operate in a normal operating mode with a lower configuration after the resumption of work on February 10.
    After February 17, judging from the home office resumption rate, the company has basically resumed work in full.
    Lei Huanli, President of Covestro China, said: “2020 is full of challenges for corporate development, but we believe that the difficulties are temporary.
    Covestro’s investment in China is long-term, and its confidence and commitment to the Chinese market will not be Change.
    "As of press time, the resumption rate of large-scale foreign-funded enterprises in Jiangsu has reached 89.
    5%.
    In Nanjing, Wuxi, Changzhou, Nantong and other places, the production bases and R&D centers of the German chemical company LANXESS have all resumed operations.
    Hu Dongqi, general manager of LANXESS (Wuxi) High Performance Composite Materials Co.
    , Ltd.
    , said that the company has full confidence in its development in Jiangsu and will do a solid job in the next step and continue to increase investment in Suzhou and China.
    In the Honeywell UOP Zhangjiagang plant, all four production lines have been operating normally, and workers have returned to the daily "four shifts and two operations" status.
    It is understood that currently 21 Honeywell factories in China have fully resumed work.
    Zhang Yufeng, President of Honeywell China, said: "Honeywell's factories in China not only accept orders from Chinese customers, but also take orders from other parts of the world.
    We believe in the power of China's manufacturing and the resilience of the Chinese economy.
    "In addition to actively resuming work.
    Production is resumed, and the construction of key projects of foreign-funded enterprises in China is also actively being promoted.
    In late February, the signing of key foreign investment projects in Pudong New Area was held.
    The total investment of the 21 projects signed this time exceeded US$1.
    7 billion.
    Including the supply chain service project invested and established by ExxonMobil-the joint venture company Fuchuang Industry Co.
    , Ltd.
    , which focuses on automotive aftermarket services.
    The person in charge of Fuchuang Industry stated that the company's development goals this year will not be affected by the epidemic.
    Air Products plans to increase its capital by US$470 million for project investment and asset management in the Chinese market.
    The company said that it attaches great importance to the Chinese market and is confident that it will continue to increase investment in areas such as air separation, coal gasification, and hydrogen energy.
      At the southeastern tip of Guangdong, the BASF Zhanjiang integrated base project that has received much attention is also progressing smoothly.
    Through global procurement, BASF is providing epidemic prevention and control support to communities where major production bases such as Zhanjiang are located.
    "Greater China is BASF's third largest market in the world after Germany and the United States.
    We stand firmly with Chinese employees, customers, communities, and all relevant parties, and believe that we will eventually win this epidemic prevention war.
    " Said Ke Diwen, president and chairman of Greater China.
    It is also understood that another tens of billions of dollars in foreign investment projects in the province-ExxonMobil Huizhou Chemical Complex is also steadily advancing.
    According to the original plan, the "Big Mac" will start construction in April this year.
      At the recent key foreign investment project promotion meeting held in Shandong Province, 16 key foreign investment projects started operations on the same day, with a total investment of 2.
    86 billion US dollars.
    "In the current special period of epidemic prevention and control, Shandong is so concerned about supporting project construction, and we are particularly touched.
    " The representative of EG company in the United States said that the EG multi-fiber mixed spray forensic nonwoven material project plan that they invested in Zibo High-tech Zone With an investment of 1.
    69 billion yuan, the product will fill the domestic gap.
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