China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4919)	5/25/2005 11:57:31 AM
From: RealMuLan	Read Replies (1) of 6370

DuPont plans to double China investment by 2010 05.24.2005, 08:27 AM SHANGHAI(AFX) - DuPont is planning a series of major investments in China, including one that will be the largest ever foreign investment by the US chemicals major, in a move that will see it double its China investments by 2010, a top company official said. Tom Powell, president and chairman of DuPont China Holding Co, said DuPont is making some 'major strategic investments' in China, with some already started and others in various stages of negotiations. 'In general, over the next five years, we will more than double our investment in China,' he said in a televised media briefing from Beijing. He noted that this will depend, however, on obtaining commitment from local partners in some areas. DuPont has so far invested over 600 mln usd in China through 32 wholly owned and joint venture facilities which employ more than 5,000 people. forbes.com

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