ChemChina
| Type | State-owned enterprise |
|---|---|
| Founded | 2004 |
| Headquarters | People's Republic of China |
| Key people |
Ren Jianxin (President) |
| Website | ChemChina |
China National Chemical Corporation (commonly called ChemChina) is a Chinese chemical company in the product segments of agrochemicals, rubber products, chemical materials and speciality chemicals, industrial equipment, and petrochemical processing.
Within its agrochemicals business is a large portfolio of companies including Hubei Sanonda, Cangzhou Dahua, Shandong Dacheng, Jiangsu Anpon, Anhui Petrochemicals, and Huaihe Chemicals. It added Israel-based Makhteshim Agan in 2011 to the division in a 2.4 billion US dollars acquisition of a 60% stake in the company, the largest manufacturer of generic pesticides.[1]
The chemical materials and speciality chemicals group has also made overseas acquisitions with two deals in 2006, both to acquire French companies.[2] The first one was the Adisseo Group, a global animal nutrition feed firm that specialized in producing methionine, vitamins and biological enzymes. At the time of the purchase, Adisseo had worldwide market share of 30% in methionine.[2] The other company was the organic silicon and sulphide business of Rhodia.[2] With that acquisition the company became the third largest producer in the world of organic silicon.[2]
The petrochemical processing division operates refineries including small ones known as teapot plants, giving it an oil processing capacity of about 25 million metric tons a year or about 500,000 barrels per day.[3] Following changes to regulations liberalizing the import of crude and fuel products in China, the company opened a trading office in Singapore in October 2013.[3]
References
- ↑ Yap, Chuin-Wei (January 11, 2011). "China Spends $2.4 Billion…On Pesticides?". Wall Street Journal.
- ↑ 2.0 2.1 2.2 2.3 "ChemChina deals boost its profile". People's Daily. October 31, 2008.
- ↑ 3.0 3.1 "ChemChina to Start Oil Trading Desk in Singapore in September". Bloomberg. Aug 15, 2013.
| |||||
| ||||||||||||||||||||||||||||||||
