Beijing, August 2 – From the recently concluded China International Supply Chain Expo to the China International Import Expo (CIIE) to be held in November, China has demonstrated its support for opening-up and cooperation with concrete actions, attracting many foreign enterprises to continue increasing their investments.
Anna, President of Henkel Greater China, a German chemical company, stated that with the help of the CIIE platform, Henkel has deeply connected upstream and downstream resources in the industrial chain and accelerated the localization of global innovative solutions. This has further strengthened its determination to continue increasing investment in the Chinese market.
In the industrial sector, Henkel completed the acquisition of Suzhou Boke Factory in March this year. In the same month, the Henkel Kunpeng Factory, with a total investment of approximately 900 million yuan, started trial production in Yantai, Shandong Province. The new Henkel Adhesive Shanghai Application Technology Center was officially put into operation in May, further accelerating the transformation and implementation of innovative achievements through localized application testing and process scaling.
Despite many uncertainties in the global economy, the Chinese market remains highly resilient. The long-term growth potential of the world’s second-largest economy has led multinational enterprises to continue making decisions to invest in China.
In Suzhou Industrial Park, Germany’s Vibracoustic Group recently announced an additional investment of 500 million yuan to expand its chassis and suspension system components production base locally through profit reinvestment. It is understood that this is the fourth time Vibracoustic Group has increased investment in China.
China’s huge potential in the green economy has also made global investors see business opportunities.
As Yin Zheng, Executive Vice President of Schneider Electric and President of China and East Asia, said, digitalization and green low-carbon development have become the general trend of the global industry and a common pursuit of the industrial community. China is promoting the rapid development of green industries relying on its strong industrial chain foundation.
Among Schneider Electric’s 30 factories and logistics centers in China, 21 have become “zero-carbon factories” and 15 are national-level “green factories”. Among them, the Wuxi factory uses digital technologies such as AI to drive end-to-end green ecological design and track carbon emissions in the value chain. In two years, it has reduced scope 1 and scope 2 carbon emissions by 90% and scope 3 carbon emissions by 65%, winning the title of “Sustainable Lighthouse Factory” from the World Economic Forum and providing a model for industrial green transformation.
Phase I of the ExxonMobil Huizhou Ethylene Project, with a total investment of 10 billion US dollars, was officially put into operation in Huizhou, Guangdong in July. The project uses green technologies to reduce nitrogen oxide emissions by 50% and greenhouse gas emissions by 35%. After putting into operation, the project will produce high-value-added chemical raw materials on a large scale, which will be used in consumer goods packaging, automobile manufacturing, home appliance production and other fields.
