Chinese Holidays 2019
One Belt, One Road
Fast development of the new silk road. In 2013 China launched the “One Belt, One Road” project, an ambitious infrastructure initiative involving 65 countries with a combined population of 4.4 billion people who are responsible for 30% of the world’s gross domestic product.
It aims to reinforce and expand a network of roads, railways, ports, airports and other infrastructure to enhance trade among Asia, the Middle East and Europe.
For companies involved in trading between China and Europe the fast development of the rail infrastructure along the silk road enables a new option of moving goods. The 11.000 kilometers overland route connecting China and Europe is now an interesting alternative to air and sea freight. Shipping products on a freight train from the ‘East to the West’ is gaining popularity for cargo for which optimised transit time is critical but delivery needs are not urgent enough to justify the high costs of air transport.
Petrex has started to use the new transportation way. Product is on the way. We will collect experience and share with our customers in the coming weeks.
CIIE from 5. – 10. November 2018 in Shanghai
In May 2017, Chinese President Xi Jinping announced at the Belt and Road Forum for International Cooperation that China will hold China International Import Expo (CIIE) starting from 2018.
The China International Import Expo is not only an open international cooperation platform built by China for presenting national development achievements to all other countries in the world and conducting foreign trade, but also an opportunity for all the countries in the world to discuss and exchange about major issues of foreign trade and world economy.
From 5. – 10. November 2018 government officials, business communities, exhibitors and professional purchasers from across the world will meet in the National Exhibition and Convention Center in Shanghai to discuss about cooperation, expanding trade and improving global economic governance.
You will attend the show – so meet us in Shanghai.
GDP – Good Distribution Practice
In March 2013, the EU Good Distribution Practices (GDP) Guideline was published, six months later the Good Distribution Practice Guideline came into operation.
The GDP Guideline are in place to ensure control of the distribution chain and consequently maintain the quality and the integrity of medicinal products and active substances. Install an appropriate Quality Management System, safeguard transportation, manage the procedure of outsourced activities, regulate the requirements for premises and equipment.
For any specific questions, please do not hesitate to contact us.
CPhI Madrid 9 to 11 October 2018
CPhI Europe will be held in Madrid from 9 to 11 October 2018. Expect around 45,000 visiting pharma professionals, 2,500 exhibitors from more than 150 countries to discuss your business, find new opportunities and take advantage of free industry seminars.
Our sales teams from Petrex GmbH, Petrex (Shanghai) Co. Ltd. and VationPharma B.V. will be pleased to meet you in Madrid. Have a great trip and show.
Silver medal / Sustainability Up-Grade in Ecovadis
Petrex GmbH has achieved the Silver medal in Ecovadis, a collaborative platform providing Supplier Sustainability Ratings for global supply chains. The organization has become a trusted partner for procurement organizations in more than 200 leading multinationals companies worldwide.
Petrex has a sustainable procurement policy on both environment and social factors in place:
* Supplier CSR Code of conduct
* On-site audits of suppliers on environmental or social issues
* Regular supplier assessment (e.g. questionnaire) on environmental or social practices
Still a long way to go, but we will continue to strengthen our organisation in view of sustainability. Support our supplier, build trust, spend money to improve the environment status.
Our commitment to our supply chain and customers.
For any questions, please do not hesitate to contact us.
Happy Mid Autumn Festival
The Mid Autumn Festival is one of the most celebrated Chinese holidays. It is held on the 15th day of the 8th lunar month. Based on the Gregorian calendar, this year’s mid-autumn day will be held on September 24, 2018. Chinese legends say that the moon is at its biggest, brightest and roundest on this day. And the term round implies family reunion in Chinese. Families get together to eat moon-cakes and celebrate the end of the harvest season. It is often called the Women’s Festival. The moon symbolizes elegance and beauty.
Activities include fire dragon dancing, enjoying the displays of lanterns, and eating moon cakes. People are used to have moon cakes under the moonlight with family members. Moon cakes are pastries filled with gooey sesame, red bean, and walnut meats.
Enjoy a happy time.
Shortage of photo initiators
China´s Government has enforced its rules and law on HSE based on the blue sky strategy. As a result, many Chinese factories of precursor for photo initiators have been hold or forced to substantially reduce the output. Furthermore, some PI has re-classified in the process to register in REACh.
There is no sufficient product availability and prices have gone through the roof, still going up. A negative impact for the world of inks and coatings.
For specific questions related to PI please do not hesitate to contact us.
GDP Rate China Q2 / 2018
The 2nd quarter 2018 showed a 6.7 percent YTY increase. It was the weakest pace of GDP in China since the 3rd quarter of 2016, a consequence of the tariff fight with the US.
GDP Annual Growth Rate in China reached more than 9 percent from 1990 until 2018 every year, high at 15 percent in the 1st quarter 1993, low at 4 percent in the 4th quarter of 1990.
For any detailed questions and know-how related to the Chinese Chemical market, please do not hesitate to contact the Petrex team in Kempen and Shanghai.
