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The research report also shows that China has become the largest gathering place for global R&D investment projects. 24% of the global R&D investment projects announced in the first half of this year have settled in China, while the United States ranks second with 21%. Relevant experts pointed out that this development trend will attract the attention of the United States and Germany and other countries. Investment in China, patent protection is still the main problem. For example, some agricultural chemical producers in the world are still constrained to invest in producing some patented products for protection of intellectual property rights. However, in order to reduce production costs, these companies have started or plan to produce basic agrochemicals in China and India. And pharmaceutical intermediate products.
According to the company's statistical data, in the first six months of this year, the global FDI chemical production project was 264, a decrease of 40% compared with the same period of last year; chemical and pharmaceutical R&D investment projects were 42 items, a decrease of 33%. In the first half of the year, the total number of chemical investment projects (including marketing and service investment) was 351, compared with 596 in the same period of last year.
Data show that in the first half of Europe, FDI projects accounted for 23% of the global total, a decrease of 3 percentage points over the same period of last year. For the first time, the Czech Republic surpassed Germany as the leading country for European FDI projects, accounting for 10% of the total number of European chemical production projects, and Germany accounted for 8%. Currently Eastern Europe and Russia have become very attractive investment sites. Several chemical companies such as Degussa have re-arranged some of their production facilities in Central European countries that have joined the European Union in order to take advantage of low wage costs and proximity to customers in the region. For Russia, with the high global oil prices in recent years, Russia’s economic environment has made great progress compared with five years ago, and will attract more foreign investment. For example, Solvay has planned to invest in an integrated PVC unit in Russia. BASF will also set up a joint venture with Russia’s natural gas industry to invest in petrochemicals.
Global chemical giant Dow Chemical Co. expressed great interest in the Chinese market because China has become the region with the most robust global economic growth. The company not only involves China's downstream manufacturing industry, but also recently plans to establish R&D and IT centers in Shanghai, and collaborate with Chinese companies to develop new technologies and enhance its development in China. This includes the Dow Chemical's recent coal-to-olefins project with Shenhua Coal Group. In addition to China, Dow also increased its investment in India, Southeast Asia, Brazil, Russia, Eastern Europe and the Middle East.
In the first half of the year, China attracted more than 1/4 of foreign direct investment projects in the global chemical and pharmaceutical industry. China became a paradise for foreign investment in factories.
According to the latest statistics from IBM-PlantLocation International, a company that tracks the world's investment projects in Brussels, China attracted the most foreign direct investment (FDI) projects in the chemical and pharmaceutical industries in the first half of this year, accounting for 27% of the total number of projects, compared to 24 in the same period of last year. % increased by 3%; the United States ranked second, accounting for about 12% of the total number of projects, which was the same as last year; India accounted for 6%, which was 2% lower than the same period of last year, ranking third. Analysts said that the reason for the increasing number of foreign investors investing in China is that China meets the three main conditions for investment site selection, namely, market, human resources, and cost advantages. In particular, the potentially huge market attracts foreign investment. Influx.