China's Chemical Industry Will Gradually Green Chemical

Evonik Greater China president, Dr. Yu Dahai recentlower than the same period in 2009, compared to
dialogue with the Sina Finance, said that in 2009,sales and profits have improved obviously. Dr. Yu
China successfully respond winning record EconomicDahai
crisis Challenges and persist to achieve 2 billion eurosEvonik China in the medium term to achieve sales of
in Greater China Sell Medium-term development goals.2 billion euros confidence, "despite the overall
He believed that "green Chemical industry "Will wineconomic situation is expected this year, there are
and even create an enormous opportunity thestill some uncertain factors, but the sales volume
chemical industry. Dr. Yu Dahairevealed at therising again to win the 2010 world record business
upcoming Boao Forum for Asia 2010 annualdevelopment is expected to total more than 2009. "
conference, he will focus on "green growth era ofWorth mentioning is that even if the global economic
business strategy and practice" speech.crisis in 2009, the severe situation, Evonik will still
Evonik China's efforts to achieve 2 billion euros in theinvest 300 million euros for research and
medium-term sales targetsdevelopment. Shanghai Chemical Industrial Zone in
According to Evonik Group released the 2009 filingEvonik multi-user base, the winning record has
shows, by macro- Economy Environmental impact,invested 250 million euros, to build a special polymer
the Group's global sales in fiscal 2009 fell 18%, aboutfor the production of (poly methyl methacrylate and
13.1 billion euros, but the EB IT DA (earnings beforemethyl methacrylate / PMMA ) Large-scale integrated
interest, tax, depreciation and amortization) wasproduction base. The project was successfully put
higher than in 2009 in the first half fell 34%into operation by the end of 2009, is by far the
compared with only slight decrease of 6% year onEvonik Group's chemical business in China's largest
year, about 20 billion euros.investment project, is its second largest single
2008 win record sales in Greater China 820 millioninvestment.
euros, accounting for about 7% of global business.Seize the growth opportunities of green
But Yuda Hai said, "In China, emerging markets, theBe held on April 9 of the Boao Forum for Asia has
win has the potential to achieve higher creative goals.attracted our attention. According to Dr. Shuda Hai
Evonik Group on growth in the Chinese market insaid, the General Assembly during which he will
2010 will continue to play a key role." Therefore,attend on behalf of multinational companies Evonik
since the end of 2008 has been , Evonik hasChina President Round Table. The meeting was held
developed and implemented in the Greater Chinain Boao Forum for the first time to China's
region, called "growth path" project. The programinvestment environment and policy assessment. To
aims to mid-China, Hong Kong and Taiwan, total salesenable delegates speak their minds, the meeting will
increased to 20 billion euros. Although the Greaterdiscuss the form of internal.
China in fiscal year 2009, performance has not beenThat time, Dr. Yu Dahai lecture will focus on "green
announced, but late last year, has said Dr. Yu Dahaigrowth era of the Enterprise Management Strategy
Financial crisis Evonik in China on business impact hasand Practice" launched. He believes that companies
been in the past, 2009 will remain single-digit salesshould not be regarded as pressure to achieve green
growth.growth, but should pay attention to the management
Although the financial crisis, the expected goals, winof enterprise business development and
of the China market is still full of confidence, in 2010environmental protection to achieve a balance
also ushered in a good start. Data showed thatbetween product development and utilization from
despite this year in January and February sales andthe perspective of mining development.
sales has not yet reached the same level in 2008, but