40 coating enterprises invested in coating production capacity of 2.7 millionton

Although novel coronavirus is rampant, but coating enterprise is still optimistic about the market, coating project investment enthusiasm did not reduce. According to incomplete statistics, since the outbreak of more than 40 coating enterprises at home and abroad have invested in coating projects, the total investment of more than 12 billion yuan, more than 2.7 million tons of coating capacity.

Lanxess, basf, huntsman, evonik and other multinational chemical giants investing in Shanghai have released their 2019 financial statements.The Numbers are different, but when interpreting the results, officials invariably point to the development of companies in the Chinese market and express the same message: confidence in China.

Some chemical companies said the outbreak of covid-19 earlier this year is expected to pose a greater challenge to their development.But so far, China has made positive achievements in responding to COVID 19.As a result, the chemical giants have pointed out that the asia-pacific market, led by China, is a new opportunity for the development of enterprises.

Mr Li said the huge capacity of the Chinese market offered broad growth prospects, that consumption had become the "golden key" to a "new golden era" of Chinese development, and that a rapidly growing Chinese consumer market "could soon shake the world".