Multinational Chemical Companies Welcome in Shanghai's Industrial Zone

Home>>Business

Last updated at: (Beijing Time) Wednesday, October 23, 2002

Multinational Chemical Companies Welcome in Shanghai's Industrial Zone

The Shanghai Chemical Industrial Zone is open to all multinational chemical companies, said Shanghai Mayor Chen Liangyu Tuesday.

DISCUSSION

CHINESE

SEND TO FRIEND

The Shanghai Chemical Industrial Zone is open to all multinational chemical companies, said Shanghai Mayor Chen Liangyu Tuesday.

Chen made the remark in a meeting with Dr. Jurgen Strube, Chairman of the Board of Executive Directors of BASF, an international chemical giant based in Germany.

Strube said the Shanghai Chemical Industrial Zone has great potential to attract chemical companies from all over the world. BASF has made significant investments in the zone, with two large projects valued at 1.5 billion euros (1.54 billion US dollars) currently under construction.

World-renowned companies, including Bayer and BASF, have set up subsidiaries in the 23.4-square-kilometer Shanghai Chemical Industrial Zone.

The largest chemical sector investor in China, BASF has set up eight joint ventures with a total investment of 700 million euros (719 million US dollars) in China.

Questions?Comments? Click here

Shanghai Petrochemical Becomes China's Top Ethylene Producer

Shanghai Plans Huge Input in Building Green Chemical Zone

Historic Achievements Gained in China's Science and Technology ( 18 Messages)

Powell Expects Improvement of US-China Relations ( 25 Messages)

China May Have More PhDs Than the US in 2010 ( 3 Messages)

China's Oil Security Faces Tests of War: News Analysis ( 23 Messages)

Economist on China's Sustainable Economic Growth ( 5 Messages)

President Jiang's Trip will Advance Sino-US Ties: Officials ( 6 Messages)