Connect with us

Hi, what are you looking for?


China approves merger of two state-owned chemical giants

Abstract : China has approved the restructuring of Sinochem Group and ChemChina Group, according to the country's top state assets regulator.

BEIJING, April 1 (Xinhua) — China has approved the restructuring of
Sinochem Group and ChemChina Group, according to the country’s top state
assets regulator.

Sinochem Group and ChemChina Group have received approval to
implement joint restructuring, the State-owned Assets Supervision and
Administration Commission of the State Council (SASAC) said late
Wednesday in a statement on its website.

The two companies will undertake a joint restructuring, becoming
subsidiaries of a new holding company wholly owned by the SASAC, read a
statement from Sinochem Group.

This joint reorganization will better integrate resources, build a
world-class comprehensive chemical enterprise and promote the
high-quality development of China’s chemical industry, said Sinochem

After the reorganization, the new company will cover fields including
life sciences, material sciences, the basic chemical industry, rubber
tires and urban operations, according to Sinochem Group.

Headquartered in Beijing, Sinochem Group was founded in 1950. It is a
leading integrated operator in the oil and chemical industry, providing
agricultural inputs (seeds, agrochemicals and fertilizers) and modern
agricultural services, and exerting a strong influence on city operation
and the non-banking financial services sector.

ChemChina Group is the largest chemical enterprise in China. Based in
Beijing, it has production and research and development bases in 150
countries and regions worldwide, and boasts a full-fledged marketing
network. Enditem

About Xinhua Silk Road

Xinhua Silk Road ( is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China approves merger of two state-owned chemical giants

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service


You May Also Like


Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...


Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...


We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...