Entity

In 1995, a group of Singapore investors started a chemical business in Taixing City, PRC with an initial capital investment of USD29.5 million. As a result, SP Chemicals (Taixing) Co Ltd, a wholly owned China subsidiary of Singapore-based SP Chemicals Pte Ltd, were established. Today, SP Chemicals (Taixing) has transformed itself from a chlor-alkali producer into a petrochemical producer with more than two decades of continuous expansion through the company’s own resources. The company has a cracker and its own power plant. The company now produces ethylene, propylene, styrene, vinyl chloride monomer, caustic soda, chlorine, hydrogen and other chemical raw materials. Its paid-up capital has increased to USD521.9 million and the total investment is RMB11.0 billion as of December 2021.