Japanese companies invest heavily in Zhenhai Acetate project investment amounted to 500 million U.S. dollars

March 11 11:23:00, 2021

At the foundation laying ceremony of Zhejiang Ningbo Daan Chemical Industry Co., Ltd., which recently started an annual production of 30,000 tons of cellulose acetate and 30,000 tons of commercial acetic anhydride, the executive director of Japan Daicel Co., Ltd. stated that they will choose Zhenhai to invest in China. The base, in 3-5 years, will invest in a series of chemical projects such as acetate in Zhenhai, and the investment amount will reach more than US$500 million.

Japan's Daicel Chemical Industry Co., Ltd. is the world's largest multinational company. The company mainly produces and sells chemical raw materials and other products, among which the output of acetic acid, acetic anhydride, and acetate fiber ranks among the highest in the world. At present, the company's investment in Xi'an, Shanghai, Nanning, Ningbo and other places in China exceeds 50 million U.S. dollars.

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