SP Chemicals is the largest ion-membrane Chlor-alkali producer in Jiangsu Province and the fourth largest in the PRC as at June 2009, with annual turnovers exceeding RMB3 billion. Backed by a 16-year track record in the PRC, SP Chemicals manufactures and sells chlor-alkali products and related downstream products to PRC-based and export customers.

SP Chemicals' customer base spans the Jiangsu, Zhejiang and Shandong provinces, as well as Shanghai. In 2004, the Company also started exporting its products to the US, Japan, Korea and Taiwan. Its customers include established multinational corporations and state-owned enterprises in various industry segments in the PRC - such as petrochemicals, textiles, paper, consumer goods, plastic polymers, rubber, dye, pharmaceuticals and metallurgy. SP Chemicals' customers include BASF, The Dow Chemical Company, Tomen Corporation Ltd, Akzo Nobel Chemicals MCA (Taixing) Co, Ltd. (part of the Dutch Fortune 500 company Akzo Nobel N. V.) and Yantai Wanhua Polyurethanes Co., Ltd, the largest domestic MDI producer in the PRC. to achieve further growth and profitability pursued through an estimated US$216 million investment in a series of initiatives, which included the creation of new capabilities for the production of Vinyl Chloride Monomer (VCM). To this end, there was a doubling of its chlor-alkali and aniline production capacities, and expansion of its planned Co-generation plant from 60 megawatts (MW) to 120 MW.

With the successful implementation of its MTSBP, the Group has embarked on Phase 2 of its growth plans ("MTSBP II"). Initiatives under MTSBP II include:

1. Production Phase Five Expansion Plans ("PP5") to expand its annual production capacities for caustic soda, chlorine, and aniline to 450,000 tonnes (from 300,000 tonnes), 396,000 tonnes (from 264,000 tonnes), and 135,000 tonnes (from 90,000 tonnes), respectively. PP5 started commercial operation in March 2008.
2. Production of 320,000 tonnes per annum of styrene monomer, an intermediate raw chemical used in making polystyrene plastics, protective coatings, polyesters and resins.