ChemChina
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| State-owned enterprise | |
| Industry | Chemicals |
| Founded | 1984 (as Bluestar) May 2004 (as ChemChina) |
| Founder | Ren Jianxin |
| Headquarters | Beijing, China |
|
Key people
|
Ren Jianxin (chairman) |
| Revenue |
 CN¥260.253 billion (2015) |
|
CN¥1.631 billion (2015) |
|
|
(CN¥828.260 million) (2015) |
|
| Total assets |
CN¥372.514 billion (2015) |
| Total equity |
CN¥26.181 billion (2015) |
| Owner | Chinese Central Government (100%) |
| Parent | State-owned Assets Supervision and Administration Commission of the State Council |
| Subsidiaries | |
| Website | chemchina.com |
|
Footnotes / references in a consolidated basis |
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| China National Chemical Corporation | |||||||
| Simplified Chinese | 中国化工集团公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 中國化工集團公司 | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Zhōngguó huàgōng jítuán gōngsī |
China National Chemical Corporation (commonly called ChemChina) is a Chinese state-owned chemical company in the product segments of agrochemicals, rubber products, chemical materials and specialty chemicals, industrial equipment, and petrochemical processing. As of 2015, it is ranked 265th among the Fortune Global 500 companies.
ChemChina began as a small solvents factory called Bluestar Company (Chinese: 蓝星公司), founded by Ren Jianxin in 1984 with a 10,000-yuan loan. Ren created the ChemChina empire by taking control of over 100 troubled state-owned chemical factories across China, with the government retaining ownership. Meanwhile, he avoided laying off excess workers by shifting them to the company's Malan Noodle restaurant chain. He brought in consultants to professionalize the company's management, and it has become one of China's most dynamic state enterprises.
In May 2004, after the State Council of the People's Republic of China approved a merger of companies formerly under the Ministry of Chemical Industry as the China National Chemical Corporation (ChemChina), Ren Jianxin became its CEO; in December 2014 he became the chairman of the board of directors.
Within ChemChina's agrochemicals business is a large portfolio of companies including Sanonda Holdings, Cangzhou Dahua, Shandong Dacheng, Jiangsu Anpon, Anhui Petrochemicals, and Huaihe Chemicals. It added Israel-based Makhteshim Agan (renamed to ADAMA Agricultural Solutions ) in 2011 to the division in a 2.4 billion US dollars acquisition of a 60% stake in the company, the largest manufacturer of generic pesticides.
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