AICM Strengthens China Engagement for Chemical Industry Growth
The Association of International Chemical Manufacturers (AICM) is deepening its engagement in China, driven by robust demand for chemical products. A recent strategic cooperation agreement with China's Ministry of Commerce aims to enhance policy dialogue, industrial matchmaking, and support foreign-invested chemical companies. AICM Chairman Xia Fuliang highlighted China's commitment to quality foreign investment and the importance of clear policy communication. The move emphasizes innovation, green transition, and production safety, as multinational companies leverage China's growing market and resilient investment momentum.
The Association of International Chemical Manufacturers (AICM) is significantly expanding its presence and strategic cooperation within China, capitalizing on the country's strong and sustained demand for chemical products across various industrial sectors. This commitment was solidified through a strategic cooperation agreement signed on January 19 in Beijing with the Investment Promotion Agency of the Ministry of Commerce. The agreement is designed to foster improved policy transparency, enhance communication channels, and facilitate industrial matchmaking for foreign-funded chemical businesses operating in China. Part of this initiative includes establishing regular forums for multinational chemical company CEOs, aiming to cultivate a more favorable business environment. Xia Fuliang, AICM chairman, underscored that this collaboration reflects China's efficient governance and its dedication to attracting and supporting high-quality foreign investment, emphasizing that clear and timely policy communication is paramount for long-term investment decisions. AICM, founded in 1988, has been a pivotal force in transforming China's chemical industry. Its members, representing companies globally, contribute to the sector's shift towards large-scale, integrated, and low-carbon development. With China accounting for 42% of global chemical output, projected to reach 50% by 2030, the market presents immense structural opportunities. AICM's revised mission for 2025 prioritizes innovation, green transition, and production safety. Multinational chemical firms are increasingly bringing advanced technologies to China, viewing the green transition as an opportunity, with chemical materials crucial for renewable energy and electric vehicles. Despite global uncertainties, foreign investment in China's chemical sector remains resilient, evidenced by major projects from ExxonMobil, SABIC, and Evonik, with continued demand expected in specialty chemicals, new energy vehicles, pharmaceuticals, and AI-assisted R&D.
