Understanding the Chinese market
China is a partner of strict importance for our business. Our company has been actively present in the Far East for over 10 years, selling caprolactam that we manufacture. The compound is used for the production of polyamide, which is then used to produce e.g. surgical packaging or nylon. Another use of caprolactam is in the automotive factories.
We are proud to be one of main suppliers of caprolactam to this market, mainly owing to our trusted business partners in China. We have been building relations and bonds based on the highest quality of the product offered. Thus we may say that we know the Chinese market.
The experience acquired over the years is our greatest asset. Consequently, an idea was born to build an installation for caprolactam manufacturing in this part of the world, the most attractive place for business ventures. Such an investment would bring us closer to more potential clients.
Despite the rumors about a potential economic slowdown, the country is still developing rapidly. From our experience of the chemical sector, in this market segment there can be no talk of a stagnation, but an enthusiastic push forward.
Although the position of our Company on the Chinese market is strong, we do not cut back on our efforts. Our activity in the area is vigorous. An investment like a new caprolactam plant would enable us to gain highly profitable contracts and make our position on Asian markets even stronger.
Owing to the experience we have accumulated, we have noticed that the Chinese market is trying to catch up in the areas in which it is not self-sufficient – for example, byinvesting in new kinds of manufacturing installations.
THE VALUE OF COOPERATION
This is where our opportunity lies. The Chinese do not need to undertake such projects by themselves. Therefore we plan to persuade our partners to tighten the Polish-Chinese cooperation in the field of chemical manufacturing. We know that China will remain the biggest importer of caprolactam in the world despite the growing capacity of domestic output. The annual consumption of this compound reaches 1,34 million tons.
For the reasons given above, we are currently looking into a Chinese proposal of the possible construction of a plant. We are now selecting partners, preparing analysis and creating feasibility studies.