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CHINA has become one of DuPont’s most important markets
and the company will increase its investment in chemical,
food, agriculture, nutrition, electronics and textile sectors.
A ceremony was held yesterday to launch the Chinese
version of DuPont’s history in Shenzhen, Beijing and Shanghai
to commemorate DuPont’s 200th anniversary. It was
simultaneously screened by video in the three cities.
Charles Brown, president of DuPont China, said DuPont’s
business in China was growing on the right track and more
investment would be made at an appropriate time.
The company had signed an agreement with Asahi Kasei, a
Japanese company to establish a joint venture in Zhangjiagang
for the production and marketing of acetal (also known as POM)
copolymer resins.
In May, the company established a wholly owned protein
company in Zhengzhou, Henan Province, according to Brown,
president of DuPont China Holding Co. Ltd.
Due to DuPont China’s outstanding performance, DuPont had
realized a two-digit growth this year.
“China’s WTO entry will bring DuPont huge opportunities
and DuPont will place more emphasis on promoting localization
and the integration of its business operations in China into
its global development strategy,” said Brown.
So far, DuPont has invested some US$700 million in China
and set up 14 companies and five representative offices since
its first solely owned business was established in Shenzhen in
1989.
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