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.
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.
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.
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.
Pollution Action Plan
China is in its fifth year of a “war on pollution,” which aims to reverse the damage to the country’s environment since the economy opened in 1978. In recent years, China has stepped up its efforts to combat high levels of pollution and invested around RMB 3.7 trillion. More than half of the funds were reserved for combating water pollution. Useful water is scarce, and more than half of Chinese cities suffer from water scarcity, especially in the dry northern regions. In addition, these water resources are unequally distributed in provinces and regions. Therefore, efforts to reverse the state of its heavy water pollution are increasing the demand for high quality wastewater treatment technologies. Another part of the “Pollution Action Plan” is to reduce the coal consumption and close outdated steel over the years. It will also cover the heavily industrialised Provinces and measures are taken to combat even smaller sources of pollution. In addition, companies that violate the regulations will shut off water, electricity and raw materials. Further plans are to set annual production and sales for new energy vehicles of up to 2 million a year, to reduce emissions.
