PUBLICATION
Chemical Week
China Chemicals 2011 IHS CW Release
February 14, 2011
There is nowhere more exciting, faster growing, or that offers more opportunities for Chemical companies than the Greater China region. The Chinese Chemical sector grew by 10.2% in 2009 to reach a value of $648 billion. The Chinese sector now accounts for more than 50% of the Asia Pacific market. Yet, at the same time, few places are more difficult to operate in and understand than mainland China.
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After five months in Lima and more than 130 interviews, the conversations with C-executives along the Peruvian mining value chain touched on various topics. These included production targets, drilling results, the benefits of new technologies like the so-called “digital twins” to replicate reality in a virtual environment, and even the use of cartridge valves. However, a recurring theme in almost every interview, and perhaps the most significant one in relevance, is Peru's loss of its position as the second-largest copper producer to the Democratic Republic of Congo.
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"Our West African mines deliver the highest margins, with Séguéla being our lowest-cost operation."
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