Japan-based Nagase and Light Chemical Fund Fine Chemicals Project in Changzhou, China

Jun 22, 2010, 08:00 ET from Changzhou National High-Tech District

CHANGZHOU, China, June 22 /PRNewswire-Asia/ -- On June 8th, Japanese companies Nagase Co., Ltd., Light Chemical Industries Co., Ltd., and Shanghai Nagase Trading Co., Ltd., along with the administrative committee of the Changzhou National High-Tech District, held a signing ceremony for the cooperation agreement between Shanghai Nagase Trading Co., Ltd. and the Changzhou High-Tech District(CND), celebrating both the construction of a fine chemicals industrial park and the registering of over USD 23 million in capital. Nagase Co., Ltd. and Light Chemical Industries Co., Ltd. collectively invested USD 15 million to establish Light Chemical (Changzhou) Co., Ltd., which will be the first project established in CND, Eastern China's Jiangsu province.

Nagase Co., Ltd. is Japan's largest corporation specializing in chemicals. Its products have achieved broad recognition in the market, and the company has an excellent reputation in the industry, with over 100 sites for production, operations, and services across the globe, as well as 15 retail companies and 25 factories in China, including Shanghai Nagase Trading Co., Ltd., the company's fully-funded subsidiary. Light Chemical Industries Co., Ltd., an excellent strategic partner of Nagase Co., Ltd., has already been thriving in the China market for close to ten years, and is a leader in the fine chemical and technological fields. Leveraging Nagase's and Light Chemical's many years of technological experience and successful business models, Light Chemical (Changzhou) Co., Ltd. is set to become a world-class production base in the Changzhou High-Tech District.

To date, the Changzhou High-Tech District has attracted investment from Denso Corporation, Fujitsu, Bridgestone, Tokyo Rope Mfg Co., Ltd., Komatsu, Ltd., OKI, DIC Corporation, Iseki & Co., Ltd., Fuji Heavy Industries, Ltd., Fuji Seiki Co., Ltd., Mitsubishi Heavy Industries, Ltd., and other large-scale Japanese enterprises.

    For more information, please contact:

     Wang Zhongliang
     The Public Promotion Department
     Changzhou National High-Tech District
     Jiangsu Province 213022
     Tel:   +86-519-8512-7305
     Fax:   +86-519-8511-5905
     Email: w_zongliang@sohu.com
     Web:   http://www.czxx.org.cn

SOURCE Changzhou National High-Tech District