IBM's monitoring also showed that the number of confirmed FDI projects in the global chemical and pharmaceutical industry declined during the three years. The number of FDI projects in China was the highest in 2003, which was 275; in 2005, it dropped to 195. In the United States, the number of FDI projects also dropped from 153 in 2003 to 104 in 2005.
Judging from the situation in various regions, FDI in the chemical and pharmaceutical industries has changed from 2003 to 2005. Asian developing markets, including China, India and Thailand, account for one-third of all identified FDI projects. From 2003 to 2005, China's production-related FDI projects decreased by about 10%, and in 2005 accounted for 60.3% of China's total number of chemical FDI projects. Relatively speaking, China's FDI projects related to R&D have nearly doubled here.
Kevin Swift, chief economist of the American Chemistry Council (ACC), believes that developing China is becoming a “world factory†and the long-term development prospects of the chemical industry are promising. China's 264 billion U.S. dollars/year chemicals market is second only to the United States and Japan, ranking third in the world. In 2005, China became the third largest chemical producer, exceeding the output value of 223 billion U.S. dollars in Germany.
The China Chemical Industry Park, which is dedicated to the development of the China Petroleum and Chemical Industry Association, plays an important role in raising investment, attracting foreign investment, promoting industrial development, promoting technological upgrading, developing regional economies, and improving management. China’s large-scale petrochemical companies plan to invest US$20 billion by 2010 to expand their olefins and derivatives. Dow Chemical has planned to invest more than US$200 million to expand its epoxy resin business in China.
Several major joint ventures in China have also set up factories or expand production. Shell and CNOOC have invested in a US$4.3 billion petrochemical complex in Daya Bay, Guangdong Province, and are already in production, targeting the Guangdong market, which accounts for about 20% of China's chemical demand. BASF and Huntsman invested $1 billion in an isocyanate joint venture in Shanghai, which has also started production.
Flat Wire Belt:
Flat Wire Belt is made of pivots and metal sheets. The two ends of the pivot are welded. For some specifications , the ends of the pivot can also be seamed. The width of the mesh belt is determined by the mesh belt specifications and the number of odd holes. Flat Wire Belt requires very little maintenance work, and if used properly, it has a long lifespan. The materials of Flat Wire Belts are carbon steel, galvanized steel, 304 and 316 stainless steel.
Applications:
- Drying equipment
- Bread production equipment
- Cleaning equipment
- Sorting equipment
- Heat treat equipment
For now, Wire Mesh Conveyor Belt is mainly divided into major categories: Chain Driven Mesh Belt is widely used in spiral freezer machines; Spiral Mesh Belts are suitable for the conveying of small and high density materials; Eye Link Belt is suited to convey heavy loads and unstable or fragile products that require good support from the conveyor belt; Balanced Weave Belt is extensively applied for conveying parts of metallurgy, food processing, pharmacy, glass print, special equipments; Flat Flex Belt is mainly used in for quick-frozen food, fried food, sugar machine, chocolate coating with a variety of bread and pastry food baking conveyor line; Flat Wire Belt is usually used for the equipment of cooling, drying, bread production, washing, sorting and products processing, etc. In a word, according to the use environment and clients` special requirements, we can be able to give them different type of conveyor belt.
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