Honeywell has maintained a presence in the Jiangsu Yangtze River International Chemical Industrial Park since 2013. [Photo/zjgonline.com.cn]
The Jiangsu Yangtze River International Chemical Industrial Park, located in Zhangjiagang Free Trade Zone, has emerged as a pivotal hub for international capital, a modern industrial cluster, and a major commodities distribution center within the Yangtze River Basin.
The park currently boasts 95 enterprises including industry giants like Honeywell and Dow. Among these enterprises, 24 are Fortune Global 500 companies, and 17 are among the world's top 50 chemical companies. Foreign-funded enterprises account for over 60 percent of the total. The operating income of companies within the park totaled 89 billion yuan ($12.3 billion) in 2023.
Honeywell, for instance, established its first wholly-owned production base in China within the park as early as 2013. In June 2023, Honeywell's Asia-Pacific research and development center for high-performance materials commenced operations, marking a new chapter in collaboration between the company and the park.
According to officials from the R&D center, Honeywell has been developing in the park for years, forging solid partnerships with numerous upstream and downstream enterprises along the industrial chain. Furthermore, the standardized factory buildings provided by the park have significantly reduced costs for the company.
The Zhangjiagang Port. [Photo/zjgonline.com.cn]
While actively attracting high-quality foreign enterprises, the industrial park also encourages its resident companies to explore overseas markets. Huachang Chemical is among the first companies to export fertilizer overseas. Leveraging its raw material and port advantages, the company has actively engaged with regions such as Southeast Asia, Africa, and South America, becoming China's largest fertilizer exporter. To consolidate achievements and better export technologies and products, Huachang Chemical has established joint ventures in multiple Southeast Asian countries and built overseas channels for product sales and services.
To further attract enterprises, the chemical industrial park will continue to exert efforts in infrastructure development and policy support, striving to create an optimal investment environment for all stakeholders involved.