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On March 31, with the approval of the State Council, Sinochem Corporation and China National Chemical Corporation implemented a joint reorganization .
Joint reorganization
Sinochem Group and ChemChina also announced on their official websites in the evening that Sinochem Group and ChemChina will actively and steadily advance the joint reorganization in accordance with relevant laws, regulations and requirements of regulatory agencies.
In recent years, international chemical giants have promoted reorganization and integration.
The new company will be committed to building a "world-class comprehensive chemical enterprise led by life science and material science, supported by basic chemical industry, guaranteed by environmental science, driven by science and technology, and sustainable development.
Founded in 1950, Sinochem Group was formerly known as China National Chemical Import and Export Corporation.
ChemChina is a state-owned enterprise established on the basis of enterprises under the former Ministry of Chemical Industry.
(Keywords: joint reorganization)