Benzaldehyde Companies

April 2023

The Phase III expansion project at the Continental Changzhou Plant has begun in order to create environmentally friendly interior materials for automobiles. The phase III expansion project of the Changzhou plant will primarily focus on the patented development and production of a line of low-odor, low-temperature resistant, and ecologically friendly PVC artificial leather products.

Phase III expansion plans for the Changzhou Plant also include intelligent production facilities. Changzhou Plant's implementation of automated equipment in the production processes of its automatic defect detection and identification system, AGV, and sample delivery robot has led to a significant increase in operational efficiency and product qualification rate. As a result, the production process and product quality have become extremely stable.

The investment agreement between Jiangsu Changshun Group and Continental for the Changzhou Plant's phase III expansion project has been signed. The phase III expansion project has also received approval for its detailed land plan and construction schedule.

May 2023

Pecca Group, a provider of automotive upholstery, has announced the conclusion of an agreement to purchase an 80% share in PT Gemilang Maju Kencana (GMK), a company that provides seat covers and leather wrapping to the Indonesian automotive sector.

The Pecca Group announced in March that Pecca Leather, its wholly-owned subsidiary, had entered into a share transfer agreement to purchase an 80% equity interest in GMK from PT Multi Berjaya Asindo, CSC Automotive, and Tan Kim Cheang. The transaction is now considered final after receiving approval from Indonesian authorities, and it was previously contingent upon the fulfilment of regulatory requirements.

Major players in the benzaldehyde market, including Kadillac Chemicals Pvt. Ltd., Shimmer Chemicals Pvt. Ltd., Emerald Performance Materials LLC, Gujarat Alkalies and Chemicals Limited (GACL), Haihang Industry Co. Ltd., and others, are attempting to increase market demand by investing in research and development operations.