ChemChina
| ChemChina
|
|
|---|---|
 |
|
| legal form | Centrally managed company |
| founding | 2004 |
| Seat |
Beijing , People's Republic of China
|
| management | Ren Jianxin (Chairman) |
| Number of employees | 140,000 |
| sales | 244 billion renminbi (29.9 billion euros) |
| Branch | chemistry |
| Website | www.chemchina.com.cn |
| Stand 2013 | |
The China National Chemical Corporation , usually known as ChemChina for short , is one of the largest chemical companies in the People's Republic of China .
The state-owned group of companies founded in 2004 and headquartered in Beijing goes back to the China National Bluestar Group . ChemChina has numerous domestic subsidiaries, especially in the agrochemicals sector . Further business areas are elastomers (rubber), specialty chemicals and production technology . ChemChina operates nine refineries and is the third largest oil processor in China ( petrochemicals ) behind PetroChina and Sinopec .
ChemChina's foreign holdings include the majority of 60% in the Israeli crop protection company Adama (formerly known as Makhteshim Agan), which was acquired in 2011 . In France, Adisseo (a producer of feed additives, which at the time had a world market share of 30% for DL methionine ) was taken over in 2006, and Rhodia 's business with organosilicones and sulfides ; Since then, ChemChina has been one of the world's three largest manufacturers in the silicone sector. In the same year, ChemChina took over the Australian polyethylene and polymer producer Qenos . A minority stake in the Italian tire manufacturer Pirelli , which was acquired in 2015 through the takeover of the 26.2% stake of the previous Pirelli main shareholder Camfin (investment company in the majority ownership of the Russian oil company Rosneft and the Pirelli boss Marco Tronchetti Provera ) for 7.1 billion euros (15 euros per share), ChemChina has expanded to 100%.
In autumn 2015, ChemChina first expressed its interest in taking a majority stake in Syngenta . On February 3, 2016, Syngenta confirmed a takeover offer from ChemChina for $ 43 billion.
ChemChina takes a 12 percent stake in the Geneva energy trader Mercuria .
In January 2016, ChemChina announced the takeover of the German mechanical engineering group KraussMaffei . With a purchase price of 925 million euros, it is by far the most expensive takeover of a German company by a Chinese one to date. KraussMaffei was relocated to the China National Chemical Equipment Corporation , which also houses local machine builders, also from the production and processing of plastics and rubber.
Web links
- Website of ChemChina (English)
Individual evidence
- ^ Chairman's Page
- ↑ a b Introduction
- ↑ Tom Mitchell: Monday Interview: Ren Jianxin, ChemChina. In: Financial Times . March 19, 2015, accessed January 3, 2016 .
- ↑ ChemChina purchases from Mercuria In: handelszeitung.ch , April 16, 2018, accessed on April 16, 2018.
- ↑ Pirelli press release of February 15, 2015, accessed on December 27, 2017
- ↑ Waiting for the big wave of consolidation , Neue Zürcher Zeitung, November 18, 2015.
- ↑ Syngenta to China for 43 billion , Neue Zürcher Zeitung, February 3, 2016.
- ↑ This is how hungry the potential Syngenta buyer ChemChina is In: handelszeitung.ch , January 18, 2016, accessed on April 16, 2018.
- ↑ ChemChina to Acquire the Global Leading Plastics and Rubber Machinery Manufacturer KraussMaffei , communication from ChemChina, January 11, 2016.
- ↑ China buys Krauss Maffei , faz.net, January 11, 2016.
- ↑ Member Companies. In: chemchina.com. Retrieved May 18, 2020 .