Chemical investment in fine chemicals

Japan’s Kao Corporation announced on June 6 that it will invest approximately JPY 5 billion (approximately RMB 400 million) in the construction of a new factory in Jinshan District, Shanghai, and will officially start production in 2014. In April 2012, Kao established Kao Chemical (Shanghai) Chemical Co., Ltd. in Shanghai to further strengthen the chemical production system in the areas of steel plates, civil construction and foundry pharmaceuticals where demand is increasing. It is reported that the products produced by the new factory include various industrial cleaning agents, surfactants used in daily chemical raw materials, and foundry products.