确成硅化 has signed a letter of intent to invest in a production and R&D facility in France's Marseille port area, signaling its commitment to expanding its operations in Europe.
Target Information
确成硅化, trading under the stock code 833656, announced on January 10, 2018, that it had signed a letter of intent for investment in France's Marseille port area. During French President Emmanuel Macron's visit to China, the company's Chairman, 阙伟东, participated in the founding conference of the China-France Entrepreneur Committee and signed various trade cooperation projects. Through its wholly-owned subsidiary, 硅化国际, the company aims to invest in the construction of a facility capable of producing 90,000 tons of highly dispersed silica (HDS) annually, along with a corresponding research and development center.
The agreement stipulates that the Grand Port Maritime De Marseille, along with French chemical company Kem One and Provence Promotion, will support this investment initiative. This strategic move reflects 硅化's commitment to responding to China's Belt and Road Initiative and facilitating its global growth.
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Industry Overview in France
France has a robust industrial sector, particularly in chemicals and materials, where highly specialized companies thrive. The silica market has seen consistent growth, driven by increasing demand across industries such as
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确成硅化国际发展有限公司
invested in
Grand Port Maritime De Marseille, Kem One, ProvencePromotion
in 2018
in a Other deal
Disclosed details
Revenue: $51M
Net Income: $8M