British Chemical Giant Ineos to Invest $800 Million in a New Chinese Plant

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British Chemical Giant Ineos to Invest $800 Million in a New Chinese Plant
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Ineos’s plan to build an $800 million plant in China suggests there is still plenty of interest in the region from multinational manufacturers

Ineos Ltd., one of the world’s largest chemical producers, is nearing an $800 million investment in a new plant in China, according to a person familiar with the matter, a sign that multinational manufacturers are still optimistic about China’s economic outlook.

A unit of London-headquartered Ineos plans to build a wholly owned plant in the coastal Chinese city of Ningbo that will produce a type of moldable plastic known as acrylonitrile butadiene styrene, or ABS. The material is commonly used to make Lego bricks and casings...

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