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ChemChina
Sinochem Group
 
CN
     

Overview

On March 31, 2021, at the approval of the State Council, Sinochem Group Co., Ltd. (“Sinochem”) and China National Chemical Corporation Ltd. (“ChemChina”) undertook a joint restructuring. The newly established company, Sinochem Holdings Corporation Ltd. (“Sinochem Holdings”) is wholly owned by the State-owned Assets Supervision and Administration Commission representing the State Council. Sinochem and ChemChina thereof became the wholly-owned subsidiaries of Sinochem Holdings. On May 8, 2021, Sinochem Holdings was established.

Sinochem Group was established on March 10, 1950. Its predecessor, China Import Corporation, was the first state-owned trading enterprise established along with the founding of new China with Mr. Lu Xuzhang being appointed as its first President. ChemChina was founded on May 9, 2004, through the restructuring of China National BlueStar Corporation, China Haohua Chemical (Group) Corporation and other companies affiliated to the former Ministry of Chemical Industry.

Going forward, Sinochem Holdings will uphold the value of “In Science We Trust”, endeavor to build a technology-driven innovator and a world-class chemical conglomerate, constantly bring its technological innovation capacity, core competitiveness, and sustainability to next level. With a view to becoming a respectable world-class company and an industry leader, we are contributing our bit to the industrial development and social progress.

Name History

2021

Sinochem Holdings Corporation Ltd.

On March 31, 2021, at the approval of the State Council, Sinochem Group Co., Ltd. ( “Sinochem”) and China National Chemical Corporation Ltd. ( “ChemChina”) undertook a joint restructuring. Sinochem Holdings Corporation Ltd. (“Sinochem Holdings”) was established and wholly owned by the State-owned Assets Supervision and Administration Commission on behalf of the State Council. Sinochem and ChemChina became the wholly-owned subsidiaries of Sinochem Holdings.

2017

Sinochem Group Co., Ltd.

On December 26, 2017, Sinochem Group changed from an enterprise owned by the whole people to one that is solely state-owned, with a new full company name of Sinochem Group Co., Ltd.

China National Chemical Corporation Ltd.

On December 4, 2017, China National Chemical Corporation changed from an enterprise owned by the whole people to one that is solely state-owned, with a new full company name of China National Chemical Corporation Ltd.

2004

China National Chemical Corporation

On May 9, 2004, upon approval of the State Council, China National BlueStar (Group) Co, Ltd., China Haohua Chemical Industry (Group) Corporation and other enterprises formerly directly under the former Ministry of the Chemical Industry, People’s Republic of China established China National Chemical Corporation(ChemChina Corporation) after recombination, with industrial characteristics in new chemical materials and specialty chemicals.

2003

Sinochem Group

On November 10, 2003, due to the mismatch between the company name and its business, positioning, market value and development trend, China National Chemicals Import & Export Corporation was renamed as Sinochem Group at the approval of State Assets Administration and Supervision Commission and State Administration for Industry and Commerce.

1965

China National Chemicals Import & Export Corporation

On June 12, 1965, the Ministry of Foreign Trade standardized the names of foreign trade enterprises for smoother communication with foreign partners and domestic institutions. On July 16, China Chemicals Import & Export Corporation was renamed as China National Chemicals Import & Export Corporation.

1961

China Chemicals Import & Export Corporation

On January 1, 1961, after restructuring the administrative units and enterprises affiliated to the Ministry of Foreign Trade, China Chemicals Import & Export Corporation was renamed as China National Chemicals Import & Export Corporation.

1951

China Import & Export Corporation

On January 8, 1951, the preparation team for China National Import & Export Corporation was set up with staff from China Import Corporation and its subsidiaries in North China. On Feburary 13,entrusted by the Ministry of Trade, China Import & Export Corporation began to oversee the import & export business of some Hong Kong institutions. On March 1, the company was officially opened and started trading with capitalist countries.

1950

China Import Corporation

On March 10, 1950, the central government decided to set up a nationwide foreign trade enterprise under the Ministry of Trade, in order to unify state trading, fulfill national target of the import & export volume, lead domestic market, strike a balance between supply and demand across the country, and boost the recovery and development of domestic production, leading to the formal establishment of China Import Corporation, the predecessor of Sinochem Group.

Name History

2021
2017
2004
2003
1965
1961
1951
1950
2020

Sinochem Holdings Corporation Ltd.

On March 31, 2021, at the approval of the State Council, Sinochem Group Co., Ltd. ( “Sinochem”) and China National Chemical Corporation Ltd. ( “ChemChina”) undertook a joint restructuring. Sinochem Holdings Corporation Ltd. (“Sinochem Holdings”) was established and wholly owned by the State-owned Assets Supervision and Administration Commission on behalf of the State Council. Sinochem and ChemChina became the wholly-owned subsidiaries of Sinochem Holdings. 

2017

Sinochem Group Co., Ltd.

 

On December 26, 2017, Sinochem Group changed from an enterprise owned by the whole people to one that is solely state-owned, with a new full company name of Sinochem Group Co., Ltd.

China National Chemical Corporation Ltd

On December 4, 2017, China National Chemical Corporation changed from an enterprise owned by the whole people to one that is solely state-owned, with a new full company name of China National Chemical Corporation Ltd.

2004

China National Chemical Corporation.

 

On May 9, 2004, upon approval of the State Council, China National BlueStar (Group) Co, Ltd., China Haohua Chemical Industry (Group) Corporation and other enterprises formerly directly under the former Ministry of the Chemical Industry, People’s Republic of China established China National Chemical Corporation(ChemChina Corporation) after recombination, with industrial characteristics in new chemical materials and specialty chemicals.

2003

Sinochem Group.

 

On November 10, 2003, due to the mismatch between the company name and its business, positioning, market value and development trend, China National Chemicals Import & Export Corporation was renamed as Sinochem Group at the approval of State Assets Administration and Supervision Commission and State Administration for Industry and Commerce. 

 

1965

China National Chemicals Import & Export Cor.

 

On June 12, 1965, the Ministry of Foreign Trade standardized the names of foreign trade enterprises for smoother communication with foreign partners and domestic institutions. On July 16, China Chemicals Import & Export Corporation was renamed as China National Chemicals Import & Export Corporation. 

1961

China Chemicals Import & Export Corporation

 

On January 1, 1961, after restructuring the administrative units and enterprises affiliated to the Ministry of Foreign Trade, China Chemicals Import & Export Corporation was renamed as China National Chemicals Import & Export Corporation.

1951

China Import & Export Corporation.

 

On January 8, 1951, the preparation team for China National Import & Export Corporation was set up with staff from China Import Corporation and its subsidiaries in North China. On Feburary 13,entrusted by the Ministry of Trade, China Import & Export Corporation began to oversee the import & export business of some Hong Kong institutions. On March 1, the company was officially opened and started trading with capitalist countries. 

 

1950

China Import Corporation.

 

On March 10, 1950, the central government decided to set up a nationwide foreign trade enterprise under the Trade Ministry, in order to unify state trading, fulfill national set target of the import & export volume, lead domestic market, strike a balance between supply and demand across the country, and boost the recovery and development of domestic production, leading to the formal establishment of China Import Corporation, the predecessor of Sinochem Group.

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