XXX accelerated its business development in China and signed a memorandum of cooperation on Tianjin logistics center project with XXX group. XXX and XXX Group Holding Co., Ltd., one of China's comprehensive chemical logistics service providers, recently signed a memorandum of cooperation in Tianjin to jointly build XXX Tianjin logistics center in Nangang Industrial Zone, Binhai New Area, Tianjin. With a planned investment of US $200 million, the project will become XXX's first chemical logistics center in China and Dow's largest chemical logistics center in the world. The project will play the role of a strategic logistics center and strongly support Dow's sustained and strong business growth in Greater China and North Asia.
Shi Botao, President of XXX Greater China, said: "XXX is increasing investment in China, strengthening localized production and supply chain network, and accelerating our development in China. Tianjin logistics center will play a strategic role, so that we can better meet the needs of the local market. As a vital logistics center, the project will ensure that we can quickly and efficiently import chemical raw materials and finished products from abroad To the corresponding area in Greater China. "
It is reported that the Tianjin logistics center project covers an area of 50 hectares and can directly connect to the deep-water area and railway system, with an annual cargo throughput of 6 million to 9 million tons. When completed and put into use, the center needs to employ more than 300 skilled technicians. Tianjin logistics center will also adopt advanced design and high industry standards to ensure the safety and environmental protection of its daily operation.
XXX and XXX group will submit the project application to the government for approval in the second half of this year. Phase I of the project is expected to be put into operation in 2016. At the same time, the project also has the land space required for expansion, which can be expanded into Dow's future logistics center in the east coast to support the company's future investment and development in China.
At present, XXX is vigorously strengthening its supply chain system in China. In April this year, XXX cooperated with XXX technology company to open a business service center in Tianjin to further improve its extraordinary business operation ability and better serve XXX customers in China, XXX business departments and joint ventures.
It is understood that XXX's sales in Greater China reached a new high in 2010, exceeding US $4 billion, and is expected to continue to maintain double-digit growth in the next few years. At present, Greater China is the second largest international market of XXX in the world. XXX has 18 production bases and 6 business centers here.