China National Chemical Corporation (ChemChina), a state-owned enterprise incorporated based on the most influential enterprises under the former Ministry of Chemical Industry, is China’s largest chemical company ranking the 167th among Global Fortune 500 enterprises. It has 160,000 employees, of whom 83,000 work overseas. In 2016 its assets totaled RMB 377.642 billion, with sales revenue reaching RMB 300.127 billion. 

Strategically positioned to create “new materials in the time-honored chemical industry”, ChemChina specializes in six business segments -- new chemical materials & special chemicals; basic chemicals; oil processing; agrochemicals; tire & rubber products; chemical equipment. 

The company has production bases, R&D bases, and full-fledged marketing networks in 150 countries and regions. Specifically, it has six specialized companies, four directly-affiliated units and 92 production and operation enterprises. Also, it controls seven companies listed in the A-share market, with ten overseas subsidiaries being operated. It is a national innovation-oriented enterprise boasting 26 research and design institutes. By the end of 2016, ChemChina had been granted 10,800 valid patents, with invention patents accounting for 76%.

With a comprehensive sustainability program, the company works to honor its commitments to environmental safety, energy conservation, and emission reduction. As a leader in “zero-emission” management, ChemChina minimizes pollution and carbon emission through efficient management and state-of-the-art technologies. At present, the company is implementing the “13th Five-Year Plan” and, guided by the principle of “new science, new future”, speeding up industrial restructuring. It will establish a “3+1” business pattern featuring “material science, life science, advanced manufacturing plus basic chemical engineering”, as a way to become a top-notch chemical company with an international competitive edge.

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