Dupont recently signed a cooperation agreement with Zhengzhou Municipal Government to establish Dupont Zhengzhou Protein Co., Ltd. to produce soybean protein. So far, DuPont's total investment in China has exceeded $600 million.
It is understood that DuPont began to expand its business in China in the mid-1980s, and now it has 20 wholly-owned enterprises and 3 branches, and its products and services cover chemical industry, agriculture, food and nutrition, electronics, textiles, automobiles and other industries.
On the occasion of DuPont's bicentennial, Mr. Holiday, chairman and CEO of DuPont, said in Beijing a few days ago that during the 65,438+08 years when DuPont started its business in China, almost all its 20 enterprises were managed by professionals from China, and DuPont established regional technology, procurement and business centers in different cities. In recent years, its business in China has maintained double-digit growth. He reiterated his strategy of developing China market.
20 10 China doubled its investment.
Dupont started its business in China in 1980s, and established the first wholly-owned investment entity-DuPont China Group Co., Ltd. in Shenzhen, which became the beginning of DuPont's continuous investment in China. In the past 20 years, DuPont has maintained a strong growth momentum in China. In 2004, its sales in Greater China increased by 32% compared with 2003. At present, DuPont has 32 wholly-owned and joint ventures in China, whose products and services involve chemical industry, agriculture, food nutrition, electronics, textiles, automobiles and other industries, with an investment of over 600 million US dollars and nearly 5,000 employees.
"DuPont has always attached great importance to the development of the China market. The' New DuPont' strategy announced in June 5438 +2004 10 clearly regards China as an important market with high growth, which is of great significance for DuPont to realize the sustainable development of its global business. " Mr Tang said: "DuPont's development in China has entered a new stage of strategic investment. By 20l0, DuPont's total investment in China will double to US$ 654.38+0.2 billion, which means that in the next 50 years. Accordingly, DuPont plans to move more regional business headquarters to Chinese mainland and accelerate the implementation of local talent development plans. "
The future development strategy of DuPont's business in China is: using DuPont's global scientific and technological achievements to serve China customers and markets; Be close to customers and markets, and grasp the development opportunities of emerging markets, regions and industries in China; Further improve the production and operation efficiency of enterprises, expand and develop the local talent pool, and accelerate the localization of management teams.
At present, a large-scale key project of DuPont has started or is in the specific negotiation stage. These projects include the acquisition of Guangzhou Monterey Material Technology Co., Ltd., the largest entity noodle enterprise in China in early 2004. The acquisition has enabled Monterey and Dubang Kelina, two entity noodle brands, to complement each other in marketing channels and market infrastructure.
In June, 2004, DuPont Engineering Plastics Department established a global joint venture with the private enterprise Wu's Daxing Nylon Co., Ltd., specializing in the production and sale of monofilaments suitable for toothbrushes, paint brushes, cosmetic brushes and other industrial brushes to meet the different needs of customers all over the world. The new company consists of DuPont Daxing Monofilament Co., Ltd. located in Wuxi, China, DuPont Monofilament Europe Company located in the Netherlands and DuPont Monofilament USA Company located in Wilmington, USA. Its shareholding structure is DuPont accounting for 70% and Daxing accounting for 30%, and its headquarters is located in Shanghai.
Dupont Fluorine Products Department has also made progress in the project of building a comprehensive fluorine product production base in Changshu, Jiangsu. Dupont Sanaifufu (Changshu) Co., Ltd., a joint venture between the first phase of the project and Changshu Zhonghao Company, has been put into production, in which DuPont holds 80% of the shares and Sanaifu Zhonghao holds 20% of the shares, mainly producing DuPont patented HFC mixtures, which belong to ODS substitutes. It will be sold in China and APEJ markets under the name of DuPont SUVA.
In addition, in March this year, DuPont and Dongying City, Shandong Province jointly announced that they would start business talks on building a world-class titanium dioxide production base in Dongying Economic Development Zone. If the project goes well, it will become DuPont's largest investment project outside the United States, "Mr. Tang added.