What impact do they have the joint reorganization of China Chemical Group and China Chemical Engineering?

2 thoughts on “What impact do they have the joint reorganization of China Chemical Group and China Chemical Engineering?”

  1. The previously passed on the news of the joint implementation of Sinochem Group and China Chemical Industry, and finally the coffin was concluded on March 31. With the approval of the State Council, the two companies formally implemented joint reorganization. Chemical industry is merged into the new company. The two chemicals will become the leader of my country's chemical industry, which can integrate resources to become bigger and stronger, which will have a profound impact on the agricultural capital industry, the rubber industry, the plastic industry, and the chemical industry. I will tell you from three aspects to tell you the background and subsequent influence of the two companies.
    The strengths before the merger of the first and two mergers are very powerful. Sinochem Group was formerly known as the China Chemical Export and Export Corporation. It was established in 1950 and is the backbone enterprise of the SASAC. Sinochem is a domestic leading enterprise in the field of petrochemical industry and agriculture, and has controlled many listed companies. The global employees are close to 60,000 and are one of the top 500 companies in the world. The establishment of China Chemical Industry was late. It was established in 2004, but it has grown into China's largest chemical enterprise. It is a super -large state -owned enterprise that integrates the original subordinate enterprise and established the original subordinate enterprise. China Chemical has 14.5 employees and more than 380 R

  2. On the evening of March 31, the website of the State -owned Assets Supervision and Administration Commission of the State Council released news. With the approval of the State Council, China Chemical Group Co., Ltd. and China Sinochem Group Co., Ltd. implemented a strategic reorganization. The reorganized new company will be merged into a new company set up by the State Council of the State -owned Assets Supervision and Administration Commission of the State Council.
    The China Chemical Group is China's largest chemical enterprise and ranks among the top 500 in the world. Mainly operate new chemical materials, special chemicals, agricultural chemicals, oil processing and smelting, and the business scope is all over the world. China Sinochem Group is also a large state -owned enterprise and is one of the earliest companies in China to enter the Fortune 500. Founded in 1950, the company is the leading domestic oil and chemical enterprise. Business covers five major areas including energy, chemical, real estate, finance, and agriculture. China Sinochem Group China Chemical Group and China Sino -chemical Group are in the fields of chemical, agriculture, oil and other fields. This strategic reorganization will have a profound impact on related industries.
    First of all, the strategic reorganization of China Sinochem Group and China Chemical Group will use their competitive advantages in related fields to further strengthen the competitiveness of corporate competitiveness after reorganization. China Sinochem Group and China Chemical Group's business is mainly concentrated in the country, and foreign business revenue accounts for relatively small revenue. As China ’s Sinochem Group and China Chemical Group original and high -tech products, sales accounted for less than 30%of the total sales. Lack of advantages in competing with relevant foreign industries. Through this strategic reorganization, we can optimize the allocation of resource allocation, strengthen the company's competitiveness after reorganization, and provide strong support for the company's international business after the reorganization.
    Secondly, the strategic reorganization of China Sinochem Group and China Chemical Group can exert competitive pressure on relevant domestic industries, survive the fittest, stimulate the vitality of SMEs, force SMEs to get out of the comfort zone, improve their own technology research and development strength, further optimize related industries Resource allocation. Drive the core competitiveness of relevant domestic industries, and play the role of enterprise industry demonstration after reorganization.

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