The associate of the Group in the solvents business is the largest acetate solvents producer globally. We produce eco-friendly industrial organic solvents. These include ethyl acetate, normal butyl acetate, mixed butyl acetate and butyl acrylate which are extensively used in coatings, tanneries, medicines and adhesives industries. Our production bases are located in Taixing in Jiangsu, Zhuhai in Guangdong and Huizhou in Guangdong.
Solvents form the largest part of the Group’s core business and we are the world’s largest acetate solvents producer. We produce eco-friendly industrial organic solvents including ethyl acetate, normal butyl acetate, mixed butyl acetate and butyl acrylate etc. These products are extensively used in coatings, tanneries, medicines and adhesives. Our production bases are located in Jiangmen in Guangdong, Huizhou in Guangdong, and Taixing in Jiangsu. A new solvents plant in the economic development zone of Gaolan Port, Zhuhai completed construction and put into production in 2021, becoming the Group’s major solvents production base in southern China.
A major turning point in the history of the business came in 1993, when the then subsidiary of the Group, Handsome Chemical Development Limited set its sights in economic reforms which took place in China. A joint venture with Jiangmen Qisheng Chemical Development Company Limited was formed and, by capitalizing on the advantages of a Sino-foreign joint venture and complementing each other’s strengths, the two partners were able to achieve close to 30 years of dazzling performance.
A major turning point in the history of the business came in 1993, when our subsidiary Handsome Chemical Development Limited set its sights in economic reforms which took place in China. A joint venture with Jiangmen Qisheng Chemical Development Company Limited was formed and, by capitalizing on the advantages of a Sino-foreign joint venture and complementing each other’s strengths, the two partners were able to achieve close to 30 years of dazzling performance.
The solvents business maintains a huge sales team and operates a sales network that covers the whole of China and overseas. By operating mainly on a direct-sale basis, it is able to better understand customers’ changing needs. We cooperate with world-class chemical companies in sourcing raw materials of superior and stable quality so as to to guarantee product quality. In order to enhance the competitiveness of the downstream products, the Group sold its controlling interest in its solvents business to PAG in 2022 and continues to participate in the significant investment in upstream acetate solvents through its remaining 24% equity to create more value for the Group’s business partners and shareholders.
The solvents business maintains a huge sales team and operates a sales network that covers the whole of China and overseas. By operating mainly on a direct-sale basis, it is able to better understand customers’ changing needs. We cooperate with world-class chemical companies in sourcing raw materials of superior and stable quality so as to guarantee product quality. In order to enhance the competitiveness of the downstream products, the Group sold its controlling interest in its solvents business to PAG in 2022 and continues to participate in the significant investment in upstream acetate solvents through its remaining 24% equity to create more value for the Group’s business partners and shareholders.
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