Research and Development Sector News
- Beijing News
Date: 19-Apr-2007 Sources: (Xinhua Online)
German chemicals company Wacker opened a 500,000-euro technical center for construction industry applications in Beijing Wednesday.
The center's lab facilities will develop and test polymeric binders for the construction industry to help Wacker expand its share in this high-growth market in China.
'The Beijing technical center is a further milestone in our Chinese growth strategy,' said Rudolf Staudigl, Wacker Chemie AG's executive board member responsible for Asia. 'Our primary goal is to offer our customers from the Chinese construction industry products and solutions perfectly matched to their requirements and thereby help them to enhance their own business success.'
'The new technical center allows us to provide better support than ever in helping our Chinese customers to develop new product applications,' he added.
The Beijing technical center will focus on developing formulations and meeting the requirements of local construction industry customers, particularly in North China.
'China will be one of the largest chemical markets in the world. That's why we brought a spray dryer for dispersible polymer powders on stream at our Zhangjiagang site back in 2005,' said Arno von der Eltz, president of Wacker Polymers.
Wacker will also start constructing a new production plant for dispersible polymer powders in Nanjing this year, he said.
Last year the company's sales revenue in China was 457 million euros, an increase of 54 percent.
China's building materials industry saw rapid growth both in production and sales in 2006. The industry posted revenue of 1.15 trillion yuan last year, up 29.3 percent from 2005, according to the National Development and Reform Commission.
Cement manufacturing is the largest sector in China's building materials industry. Last year, the sector's profit saw rapid growth of 92.6 percent.
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