Wuxi enterprise invests over $100 million in France

Wuxi's Quechen Silicon Chemical Company signed the agreement to invest in Marseille of France on Jan 9.

Wuxi's Quechen Silicon Chemical Company was invited to the founding conference of the Committee of Sino-French Entrepreneurs on Jan 9 during French President Emmanuel Macron's state visit to China.

During the founding conference, Que Weidong, chairman of Quechen Silicon Chemical Company, signed the agreement to invest in Marseille of France with Grand Port Maritime De Marseille, Kem One and Provence Promotion.

According to the agreement, Quechen Silicon Chemical Company will make an investment of 105 million euro ($128 million) to build a HDS manufacture base and research and development center in the Grand Port Maritime De Marseille, which is the biggest commercial port of the Mediterranean region.

Located in New Material Industry Park of Wuxi's Xishan district, Jiangsu province, Quechen Silicon Chemical Company is the first enterprise manufacturing silica with full industrial chain. In 2013, it became the biggest silica manufacturer in Asia and the biggest single silica production base worldwide.

Under the Belt and Road Initiative, investment in France will help Quechen Silicon Chemical Company to meet the needs of European customers and save logistics costs, in order to enhance competitiveness.