LOUISIANA CONNECTION CHINA

FOREIGN DIRECT INVESTMENT China is the second-largest investor in Louisiana from Asia. In July 2014, Louisiana secured Shandong Yuhuang Chemical Co.’s $1.85 billion (¥11.3 billion) investment, one of China’s largest FDI investments ever in the US.

Louisiana companies also have an established presence in China. Albemarle Corp., a specialty chemical company, operates in seven Chinese cities and has a joint venture with Weifang Sinobrom Import and Export Company Ltd., or Sinobrom. Similarly.

Louisiana companies have also established a presence in China with 12 projects since 2003 that represent a total capital investment of CONTACT INFORMATION $47.3 million in which 77 jobs were created. TINGMEI DENG Chief Representative, China Laitram LLC, a manufacturer of seafood processing equipment [email protected] and provider of related services, has two offices in China. Louisiana T +86.0.21.5497.5808 companies’ have numerous direct investments in the Chinese chemicals, transportation and energy sectors. LIANG HUO Senior Representative, China [email protected] T +86.0.10.6500.2643

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EXPORTS CONFUCIUS INSTITUTE / 100,000 STRONG China stands as Louisiana’s top export market, FOUNDATION with over $7.9 billion in exports in 2016. This ranks The 100,000 Strong Foundation, founded with Louisiana No. 4 among U.S. states in exports to China, the support of the Chinese and U.S. governments, accounting for a roughly 6.98 percent share of all recently helped launch the Advance Louisiana U.S. exports to China. Top Louisiana exports to China program in partnership with the Confucius Institute of include agricultural products ($6.3 billion), chemical Louisiana’s Xavier University. This program, the first products ($779.4 million) and metal manufacturing of its kind in the U.S., aims to strengthen China-U.S. products ($196.7 million). ties by promoting the study of Chinese language and culture. IMPORTS Louisiana also imports heavily from China: over $1.1 CHINESE CULTURE GROUPS billion worth of goods in 2016. Top imports from The Academy of Chinese Studies in New Orleans is a China include chemical products ($281.1 million), resource for the New Orleans region, while programs fabricated metal products ($151.1 million) and apparel like Louisiana State University’s Emerging Markets manufacturing products ($94.1 million). Initiative fosters connections with China for students from all over the state.

AIR TRAVEL Louis Armstrong New Orleans International Airport (MSY) currently provides one-stop service to several of China’s major cities including Shanghai, Beijing, Hong Kong and more.

OPPORTUNITYLOUISIANA.COM LOUISIANA CONNECTION CHINA

CASE STUDY In July 2014, Yuhuang Chemical announced the company will make a $1.85 billion capital investment in a world-scale methanol manufacturing complex on the Mississippi River in St. James Parish. The project by Yuhuang Chemical Inc., a subsidiary of Shandong Yuhuang Chemical Co. Ltd., represents the first major foreign direct investment by a Chinese company in Louisiana. The project will create 400 new direct jobs and Louisiana Economic Development estimates it will create 2,365 new indirect jobs and 2,100 construction jobs. After the first methanol plant is completed, the company will build a second methanol plant and reach an annual capacity of 3 million metric tons per annum of methanol. A third phase will include a methanol derivatives plant that will produce intermediate chemicals. Most of the project’s methanol will be exported by oceangoing vessels for use in the parent company’s production of downstream chemicals in China, with approximately 20 percent to 30 percent of the methanol to be shipped by barge and rail and sold to North American customers. To secure the project, Louisiana offered the company a competitive incentive package that includes two performance-based grants. In addition, the company will receive the comprehensive workforce solutions of LED FastStart® and is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

“Building a new world-scale methanol unit in Louisiana is Shandong Yuhuang’s first major step in becoming a global player in the petrochemical industry.”

Charlie Yao CEO, Yuhuang Chemical

CHINESE COMPANIES IN LOUISIANA • Advanced Micro-Fabrication • Great Wall Motors (GWM) • Shanghai Huayi Equipment (AMEC) • Guangdong Yizumi Precision • Shantui Construction Machinery • Alibaba Group Machinery • Shenyang Machine Tool • Alibaba.com • Guangzhou Borch Machinery • Shenyang Machine Tool (Group) • BYD Electronics • Hanwha SolarOne (Solarfun • Sungrow Power Supply • Beijing 58 Information and Power) • TransAsia Lawyers Technology • Inner Mongolia Furui Medical • Volvo Automotive (Volvo Cars) • BitKan Science • Xiaomi (Beijing Xiaomi • Brite Semiconductor • KaiLong Technology) • Cambridge Industries Group • MingYang Wind Power • Xinjiang Goldwind Science & • China Telecom • Mingyang Electric Technology (Goldwind) • China Telecom Corporation • NetEase • Yuhuang Chemical • China Vanke • Ningbo Jiebao Group • Zhejiang Ant Small & Micro • Dalian Wanda Group • Shanda Games Financial Services Group • Double Coin Holdings • Shanda Interactive • Zhejiang Geely Holding Group • Echosens Entertainment (Geely Holding Group) • Eoplly New Energy Technology • Shandong Yuhuang Chemical • Zotye Holding • GF Securities • Shanghai Greenland Group • Zotye International

LOUISIANA COMPANIES WITH FACILITIES IN CHINA • Albemarle Corporation • Crown Crafts, Inc. • Intermarine • Intralox • Laitram • Shaw Group

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