Pulcra Chemicals launches a project at Shanghai Jinshan Second Industrial Zone. [Photo/sww.sh.gov.cn]

Pulcra Chemicals recently launched a project at Shanghai Jinshan Second Industrial Zone. The project is not only a key foreign investment project in Shanghai in 2019, but also the first large-scale project invested by Pulcra Chemicals since 2007.

The new project covers an area of about 26,667 square meters and has a total investment of about $56.24 million. It is scheduled to start production at the end of 2022, by which time Pulcra Chemicals' annual capacity in China will have increased to 100,000 tons from its present 30,000 tons.

Pulcra Specialty Chemicals Shanghai Co Ltd, an important subsidiary of Pulcra Chemicals, has unique process and engineering knowledge and capability in supplying innovative specialty chemicals to the fiber, textile and leather industries.

The company has about 150 employees. About 90 percent of its products are sold to the domestic market and 10 percent to overseas markets such as Vietnam, Thailand, Japan, Indonesia, Bangladesh and Pakistan.

Since the company began operation at the Shanghai Jinshan Second Industrial Zone ten years ago, it has achieved fruitful results. From January to November this year, its output value reached 540 million yuan ($77.16 million), and its profit increased by 39.3 percent year-on-year.

According to a spokesman of Pulcra Chemicals, its existing production equipment and capacity levels cannot meet the needs of future development, and so, in accordance with the group's overall strategic planning and the continued positive outlook on the Chinese market, the company decided to expand investment in China.