The next step for Eastman, he said, is to establish manufacturing joint ventures with Chinese partners. This will help us gain a better understanding of doing business in China while developing a broad base of local people to operate our plants in the future. China's chemical industry has been growing at the rate of approximately 9 percent annually over the last seven years. And China's Ministry of the Chemical Industry has targeted a growth rate of 8 to 9 percent through the year 2000. He said challenges include China's process for registering chemical products.
China now requires that all imported chemical products be registered.
A group of international chemical companies, including Eastman, has proposed several changes, one of which is to broaden the registration process to include domestic products. Copyright 2000 Eastman Chemical Company. All rights reserved. Please see our Legal Information.