Recently it is learned from the China National Chemical Corporation (ChemChina) that the company is preparing to establish a carrier-class enterprise covering the whole photovoltaic industry chain. The newly established enterprise will not only include the existing subsidiaries of the Chinese chemical industry and related industry, but also merger and acquire some private photovoltaic enterprises.
China National Chemical Corporation (ChemChina) is a large State-owned enterprise under the administration of SASAC and established in May 2004 with the approval of the State Council.
ChemChina is in the list of Fortune 500 and China’s largest chemical company and ranks 19th among the world’s top 100 chemical corporations.
Since its establishment in 2004, ChemChina has adhered to its development orientation – “traditional chemicals, advanced materials” and achieved an “extraordinary leaps and bounds”. In 2010, its annual total assets reached 179.6 billion yuan and its sales revenue reached 140.2 billion yuan.
The main business of ChemChina is made up of six sectors: new chemical materials; basic chemical materials; oil processing; agrochemicals; rubber products; chemical equipment.
ChemChina has opened production and R&D bases in 140 countries and regions around the world with a sound marketing system. It controls ten A-share listed companies and has a total of 118 enterprises, six overseas divisions and 24 research and design institutes. It is a national innovative enterprise.
ChemChina is implementing the 12th Five-year Plan and accelerating industrial restructuring. In the future, it will form a business layout of “3+1”, namely: materials science, environmental science and life science plus basic chemical, and strive to become a world-class chemical company with international competitiveness.
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