Solvay is to settle its subsidiary in Taizhou

Recently, one of the world's top 500 enterprises, Solvay of Belgian signed an agreement with Taixing to invest USD 136 million to build an epichlorohydrin project with an annual production capability of 100,000 tons so as to form an industrial cycle with SP Chemicals, invested independently by Singapore, and realize the recycle of resources and zero emission of wastewater. When the project is completed, annual sales of RMB 1.8 billion will be added.

Solvay is an international industrial Group active in Chemistry with registered capital of EUR 1.244 billion and annual sales of EUR 9 billion. The company is managing a balanced portfolio of sustainable, profitable and growing businesses, in accordance with societal expectations and with respect for the environment. As a multicultural company and good corporate citizen, Solvay operates in a responsible way to develop a sustainable Group caring for the environment, health and safety of its employees and of the community at large.

In Taixing Economic Development Zone, led by salt chemical industry of SP Chemicals, an integral production chain is formed by the supporting enterprises of SP Chemicals. Akzo Nobel, one of the world's top 500 enterprises, develops MAC (Monochloroacetic Acid) with the chlorine of SP Chemicals. CP Chemicals of America develops CMC (carboxy methyl cellulose) with the MAC of CP Chemicals of America. UPC Group of Taiwan develops PVC with VCM (Vinyl Chloride Monomer) of SP Chemicals. Chia Tai Energy Chemical develops VCC (vinyl chloride copolymer) with VCM (Vinyl Chloride Monomer) of SP Chemicals. SNF of France develops synthetic flocculant with the sodiumhydroxide and hydrogen of SP Chemicals. In 2010, the gross industrial output of Taixing Economic Development Zone was RMB 41.1 billion, over 60% of which was on salt chemical industry.