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.
sinochem group was established on march 10, 1950. its predecessor, china import corporation, was the first state-owned trading enterprise after the founding of new china and mr. lu xuzhang was appointed as its first general manager. chemchina was founded on may 9, 2004, established on the basis of china national bluestar corporation, china haohua chemical (group) corporation and other companies affiliated to the former ministry of the chemical industry of china.
looking into the future, sinochem holdings will uphold the value of “in science we trust”, striving to build a technology-driven innovator and a world-classchemical conglomerate, promoting our technological innovation ability, core competitiveness and sustainability. 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.