Korean media said that China emphasizes to promote the 'toilet revolution', the South Korean chemical industry more concerned about the Chinese market.
According to South Korea's "Asia Economy" website, China has gradually improved its toilet environment since 2015 in order to improve people's quality of life and enhance the quality of tourism. The recent wave of the "toilet revolution" is gradually spreading all over the country.
According to the report, the demand for petrochemical products such as the "toilet revolution" and polyvinyl chloride (PVC) has been greatly boosted and the sales of chemical companies in Korea are also expected to increase. Taking Indian Clean India as an example, India After the government announced that more than 60 million toilets and sewer systems have been built across the country, the demand for PVC products soared and the export volume of Korean-related companies to India soared.
According to the news from South Korea's related industry on January 1 that since 2015, China has been implementing the 'toilet revolution' with major tourist attractions as its center and has invested more than 20 billion yuan since 2015. Some analysts said that if the scope of the 'toilet revolution' is extended to the whole territory, China's investment in the scale of funds or will reach 100 times the current.
Reported that South Korea's LG Chemical and Hanwha Chemical's main product is PVC material production, if the Chinese market demand growth, these companies will also be directly benefited.
According to reports, Hanwha Chemical is taking the PVC material as the basis to capture the Chinese market, but also plans to continuously expand the demand for high value-added chemical products chlorinated polyvinyl chloride (CPVC).
South Korean chemical industry stakeholders said: 'China officially launched the' toilet revolution ', South Korean chemical companies in the Chinese market is expected to continue to grow sales.