Letter of Intent with Industrial Project Manager of Quechen Silicon Chemical

Project 9 January 2018

On January 9, 2018, in the presence of Jean-Yves Le Drian, French Minister of Foreign Affairs, Bruno Le Maire, French Minister of Economy and Finance, Zhong Shan, Chinese Minister of Commerce and Wang Chao, Chinese Vice Minister of Foreign Affairs, Groupe QUECHEN SILICON CHEMICAL CO. signed a letter of intent in Beijing, China, regarding its investment project in France on the PIICTO platform in Fos sur mer.

This is an important step in the process of discussion of this industrial with the Grand Port Maritime of Marseille, the chemical group Kem One and the promotional agency Provence Promotion. QUECHEN SILICON CHEMICAL considers Fos-sur-Mer as the ideal investment site for its project to build a combined platform to produce 90,000 Mt / y of high dispersion silica (HDS), as well as related raw materials, and develop an R & D center.
This investment of around € 100 million will create 130 direct jobs. It shows the French attractiveness for international investors, and Chinese in particular, and illustrates the advantages in terms of location, implementation costs and R & D potential. QUECHEN SILICON CHEMICAL, based in Wuxi, Jiangsu Province, is the first silica manufacturing company in China with a complete industrial chain, while also being a major global supplier of high dispersion silica (HDS). HDS silica is used in the manufacture of “green tires” and contributes to the reduction of tire rolling resistance, fuel consumption and increases the safety performance of the vehicle.

More information on:

La Tribune (10/01/2018)

Les Echos (10/01/2018)

La Marseillaise (11/01/2018)

La Provence (11/01/2018)

Les Nouvelles Publications (10/01/2018)