Multinational execs bullish on two sessions
Q5 As China continues to pursue high-quality development along a Chinese path to modernization, what opportunities do you anticipate for your business as this process gains more traction? Will you increase investment in China in the coming years? How will you further expand your footprint in China?
XIA: China's unique modernization path, emphasizing innovation, sustainability and inclusive growth, is a field that the chemical industry can contribute to. Evonik wants to grow with the Chinese market and we are increasing our local footprint to better serve the market, with a focus on strategic industries such as e-mobility, renewable energy and healthcare. In 2025, we are expecting to see expansion in production capacity and investment in innovations for our local footprint in China, including a new specialty-grade hydrogen peroxide plant in Leshan, Sichuan province, which will complete and commence operations in November, serving sectors such as solar panels, semiconductors and food packaging. The expansion of specialty amine production at the Nanjing plant will also be completed in 2025.
MACHADO: China's pursuit of high-quality development and modernization presents significant opportunities for Suzano. We are particularly excited about growing demand for sustainable and renewable products in sectors like packaging, textiles, hygiene, construction and paper. As part of our long-term commitment to China, we plan to increase our investments in China and in our Chinese customers and partners, aiming to further boost demand for our bio-based products and support acceleration to a greener and lower carbon economy. We are also investing efforts in developing Chinese suppliers and further integrating them into our supply chains. Finally, our measures aimed at further facilitating cross-border investments, financial flows and opening-up capital markets will support and accelerate Suzano's investments in China.
OTRANTO: We see an enormous opportunity to work with China on decarbonizing the steel industry through the development of green iron metal solutions. We're in discussions with Chinese steelmakers to explore green iron technologies as well as working with Chinese renewable manufacturers. These collaborations are focused on finding ways to reduce the carbon footprint of steel production — a significant goal given China's large role in global steelmaking.
DING: China's pursuit of high-quality development presents significant opportunities for multinational companies like 3M. We are consistently working to position 3M to capitalize on emerging trends and focus on end-markets where we can succeed. Investments in sectors such as automotives, energy and electronics all represent key growth areas for 3M. China is a strategically important long-term market for 3M, and we are confident in the opportunities it presents. We will continue to invest and expand our presence in the Chinese market, looking forward to further supporting the evolution of China's economy toward a healthier future, as we have done for over four decades.
