In the first seven months, the chemical industry in Taixing city, located in East China's Jiangsu province, generated industrial invoiced sales of 72.33 billion yuan ($10.15 billion), a whopping 25.2 percent year-on-year increase.
In the Taixing Economic Development Zone, manufacturer SP Chemicals (Taixing) is pushing ahead with developing α-olefin production technology, which can meet the domestic demand for the development of the high-end polyolefins industry when completed.
The intelligent factory built by the company has achieved a production self-control rate and device stability rate of over 98 percent through an automated control system.
Another company, Taixing Xing'an Fine Chemicals, has adopted new technologies to transform and improve the traditional industries. In the face of market adversity, the company's overall operations remain stable.
All in all, since the start of the year, the overall operation of Taixing's chemical industry has shown a sustained recovery and upwards trend.
Local enterprises have seized the policy opportunities to undertake things like equipment renewals and to issue ultra long-term treasury bonds to accelerate the upgrading of product structures, production facilities and process conditions, as well as to expand investment to promote growth.
First-mover advantage: The Taixing Economic Development Zone is one of the earliest fine chemical industrial parks in China. [Photo/WeChat account: txfabu]