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Leading Petrochemical Producer to Invest More in China
The French Totalfinaelf Group, the fourth largest petrochemical company in the world, emphasized recently its decision to increase investment in China.
Vice President F. Cornelis said Tatalfinaelf's investment in China will reach US$500 to US$600 million within a couple of years.
Totalfinaelf is glad to have invested a lot in China which has proved the fastest growing market in the world, he said in the opening ceremony of ATofina Shanghai Hydrogen Peroxide Co. Ltd.
A joint venture between Totalfinaelf and China's largest chemical industry company Shanghai Huayi Group and costing US$57 million, this company will be the only producer of high-density hydrogen peroxide solution producer in China
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