Chemical Use Soars in Chinese Economy

Summary


Salt Lake-based Huntsman Corp., the fifth-largest U.S. chemical maker, said sales in China will at least double in the next five years and may reach $1 billion in 2007 because of soaring demand.

China sales may form 15 percent to 20 percent of the total revenue by 2010 from 7 percent now, Chief Executive Officer Peter Huntsman said in an interview in Shanghai Friday.

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Extract


Chemical Use Soars in Chinese Economy

"When we first came to China, we thought we would be exporting a lot of our products from China. Now ar...

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