Traditional Culture Encyclopedia - Traditional stories - Industrial production in Southeast Asia
Industrial production in Southeast Asia
An unprecedented unified market is gradually taking shape in Southeast Asia. With the signing of the Southeast Asia Free Trade Area Agreement between member countries, which will take effect in 20 10, the members of the Association of Southeast Asian Nations (ASEAN) are transforming from a production base to a unified big market. Although the soaring prices of gasoline and other petroleum products have cast a shadow over the Southeast Asian market, the demand for chemicals and industrial materials in this region has maintained a strong growth momentum and will continue to grow in the medium and long term. Although the cost of raw materials is increasing, the chemical industry in Southeast Asia has maintained a rapid growth rate. In this context, the production infrastructure of petrochemical products and chemical materials is constantly improving and developing. ExxonMobil and Shell Chemical will build a naphtha cracking unit in Jurong Island, Singapore, which will increase Singapore's ethylene production capacity to 4 million tons/year. In Thailand, PTT, the country's largest olefin producer, has built a cracking unit with a capacity of 6,543,800 tons/year. Together, the ethylene production capacity of these two countries exceeds 8 million tons/year, surpassing Japan, the third largest country in the world. In addition, the rise of the middle class in Southeast Asian countries and the escalation of consumer demand make it necessary for the chemical industry in this region to pursue technological innovation and environmental protection. At the same time, free trade agreements between Malaysia and Japan, Thailand and Singapore, and Thailand and India are stimulating the economic development of the region. Southeast Asia's automobile industry, electronics industry and electrical equipment industry have also begun to implement expansion strategies, and the market target is concentrated in the Indian market. The development strategy of Southeast Asian countries has taken shape: Singapore is becoming a petrochemical production center; Thailand is upgrading its automobile industry and paying attention to environmental protection; Malaysia and Indonesia focus on developing biofuel production; Vietnam focuses on material manufacturing and processing. Asia is forming a unified big market including Cambodia, Laos, Myanmar and India with a population of 654.38 billion.
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