China National Chemical Corporation (ChemChina) is a state-owned enterprise established by reorganizing the subsidiary companies under the former Ministry of the Chemical Industry, People’s Republic of China. ChemChina is ranked 234th on the "Fortune Global 500." With revenues of $45 billion in 2015, ChemChina is China’s largest chemical company. It has more than 140,000 employees with 52,000 outside China.
ChemChina, laying strategic importance on "traditional chemicals, advanced materials", sees its main business made up of six sectors: advanced chemical materials and specialty chemicals, basic chemicals, oil processing, agrochemicals, tire & rubber products and chemical equipment.
ChemChina, a national innovation-oriented enterprise, operates production and R&D bases in 150 countries and regions across the world, and boasts a full-fledged marketing network. Specifically, it has six strategic business units (SBUs), two directly affiliated units, 92 production and operation enterprises, 9 overseas enterprises, 26 research institutes and design academies. Moreover, it controls eight A-share listed companies. ChemChina owns 9,025 patents including 6,691 inventive patents by the end of 2015.
ChemChina has a comprehensive sustainability program that reinforces its commitment to environmental safety, energy conservation and emissions reduction. ChemChina is a leader in "zero emissions" management to minimize pollution and carbon emissions through advanced management and technologies.
Currently, ChemChina is implementing the 13th Five-year Plan. Upholding the concepts of "New Science, New Future", it is accelerating industrial restructuring. In the future, ChemChina will form a business layout of "3+1", namely: material sciences, life sciences, advanced manufacturing and basic chemical manufacturing industry on its way to become a top-notch chemical company in the world.
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