The associate of the Group in the solvents business is the largest acetate solvents producer globally. The solvents business produces mainly eco-friendly industrial organic solvents. These include ethyl acetate, normal butyl acetate, normal propyl acetate, mixed butyl acetate and butyl acrylate which are extensively used in coatings, tannery, medicine, adhesives and battery industries. The solvents division has established production bases in Zhuhai in Guangdong, Taixing in Jiangsu and Jingmen in Hubei (under construction).
The associate of the Group in the solvents business is the largest acetate solvents producer globally. The solvents business produces mainly eco-friendly industrial organic solvents. These include ethyl acetate, normal butyl acetate, normal propyl acetate, mixed butyl acetate and butyl acrylate which are extensively used in coatings, tannery, medicine, adhesives and battery industries. The solvents division has established production bases in Zhuhai in Guangdong, Taixing in Jiangsu and Jingmen in Hubei (under construction).
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 to develop acetic acid projects 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 to develop acetic acid projects 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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