Taiwan’s Rishen Chemical Group, which has successfully set up five PU factories on the Chinese mainland, recently purchased a site measuring around 34,000 sq meters in Wenzhou’s Economic Development Zone in order to build a sixth unit.

The general manager of Rishen Chemical, Mr. Xu Jun Liang, said that the company was confident that it could win a greater share of China’s chemical market with its increase in investment. The company’s five operations produced a profit of $174 million in 2001, accounting for over 40% of Wenzhou’s resin market. Rishen is also reported to be setting up a branch in Shanghai to deal with the import and export of leather chemicals.

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