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Thursday   9 /26 /2002


DuPont rides high in China

Han Ximin

  

  

  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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