The hottest Korean chemical enterprises adjust the

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Since the establishment of diplomatic relations between China and South Korea, South Korean chemical products have begun to export a large number of chemical products to China. In the middle and late 1990s, the export volume of South Korean chemical products to China used to account for nearly 80% of its export volume. I hope it can help you!. With the continuous improvement of the production capacity of China's chemical products and the rapid expansion of the sales of other Taiwan products to the mainland, although the export volume and market share of Korean chemical products to China have declined in the past two years, the degree of dependence on the Chinese market is still high, and the export proportion still accounts for 41.4%. In this case, Korean enterprises began to speed up their strategy in the Chinese market: from relying solely on exports to expanding exports and investing in China with its 2014 annual sales of 11.7 billion euros to build factories and sell locally. Therefore, Korean petrochemical enterprises have formed a small upsurge in investing and building factories in China in recent years

according to the investigation and analysis of the Chinese market by Korean enterprises, the actual demand and potential market scale of chemical raw materials in the Chinese market for chemical products, including plastic, chemical fiber and paint, are extremely considerable, which is unmatched by the Korean domestic demand market. Therefore, some petrochemical enterprises in South Korea, such as SK chemical company and LG Chemical Company, have put forward the goal of basing themselves on the Chinese market and jointly invest and build factories with Chinese enterprises. According to the Survey Statistics recently released by the Export Import Bank of Korea, the investment amount of Korean petrochemical enterprises in China accounts for about 20% of the total investment amount of Korean enterprises in China, and the scope of investment is still expanding, and the scale of investment is also increasing year by year

China's PVC market has become one of the targets. According to the survey and analysis of China's PVC market conducted by the Korea Petrochemical Industry Association, the demand for PVC in China's market is expected to be 5.338 million tons in 2003, with a gap of 2.072 million tons. It is expected that the market demand will rise to 6.152 million tons in 2005, with a gap of 2.162 million tons. In view of this, LG Chemical Company increased its investment in the joint venture factory in Tianjin, China, and increased the investment in the second phase project, which increased the annual output of PVC, the raw material of electrical insulation materials and building decoration materials, by 100000 tons. The current three-phase expansion project will be completed and put into operation at the end of this year, raising the production capacity of the plant to 340000 tons/year

the second goal is the chemical fiber and raw material market. The Korean chemical fiber industry believes that the market demand for chemical fiber and chemical fiber raw materials in China is growing at an average annual rate of 5%, and the market potential is huge. Sk chemical company invested in the construction of polyurethane elastic fiber raw material and carbon fiber raw material production plants in China according to the time division of stopwatch; Xiaoxing invested and established a 4000 ton polyurethane elastic fiber production plant in Jiaxing, Zhejiang Province. The expansion facilities of the second phase project were completed a few days ago, with an additional capacity of 5000 tons. The third phase project will start in August this year, with an additional capacity of 5000 tons, making it the largest domestic production plant with an annual capacity of 14000 tons of polyurethane elastic fiber. At present, the annual consumption of polyurethane elastic fiber in China is less than 15% of 40000 tons. Due to the high import tariff, the unit price of polyurethane elastic fiber made in China is higher than the international market price on average. Now the range of polyurethane elastic fibers used in China is more and more extensive, so enterprises such as Xiaoxing company and SK chemical company have shifted from simply exporting to China to producing and selling locally in China, so that their products can obtain "national" qualification treatment. In addition, Xiaoxing company also invested in the construction of a chemical fiber raw material polyester and tire fiber production plant in Jiaxing, which is scheduled to be completed and put into operation in March next year

according to the statistics of the Korea Fiber Industry Federation, nearly 40% of the total investment of Korean fiber production enterprises in foreign countries has been invested in China. It is often learned that HUBES will invest US $100million in cooperation with Sichuan Province to build a polyester production plant in Sichuan, with an annual production capacity of 200000 tons

the Chinese paint and coating market is the third market target of Korean enterprises. While expanding exports to China, Korean paint and coating manufacturers began to cooperate with Chinese enterprises in China and jointly invest in the construction of production lines. For example, DPI, a famous paint manufacturer in South Korea, has set up more than 40 sales stores in China. At the beginning of this year, it established a research institute in Shanghai and set up an enterprise legal person, and decided to invest in the construction of industrial and architectural paint production plants. Sanhe paint company has established a factory in Shandong Province and will invest more in expansion in the next step. The container and marine coating plant built by King Kong Koryo chemical company in Kunshan, Jiangsu Province, was officially put into operation not long ago. South Korean media reported that South Korean coating enterprises achieved profits in a short time after entering the Chinese market. Therefore, these enterprises are formulating plans to further increase investment, expand production equipment and increase production

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