Headquartered in Beijing, China, Sinochem Group Co., Ltd. (Sinochem Group for short) was founded in 1950. Its predecessor was China National Chemicals Import and Export Corporation. Sinochem Group is a key state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC).
Sinochem Group is one of China’s four largest state oil companies, China’s leading chemical service provider, China’s biggest agricultural inputs (fertilizer, seed and agrochemicals) company and integrated modern agricultural service operator. Sinochem Group also exerts strong influence in city operation and non-banking financial service sector. As a market-oriented global conglomerate, Sinochem Group’s quality products and services are relevant to many aspects of the mass economy and people’s well-being. The SINOCHEM and “中化” brands are highly prestigious in China and the rest of the world.
Sinochem Group has established five Strategic Business Units (SBU), namely energy, chemicals, agriculture, real estate and finance. It operates more than 300 subsidiaries around the world. It holds a controlling stake in a number of listed companies, including Sinochem International (SH, 600500), Sinofert (HK, 00297) and China Jinmao (HK, 00817). Sinochem Group has over 50,000 staff members around the world.
Sinochem Group is among the earliest Chinese enterprises on the Fortune Global 500 list and has 28 appearances in total, ranking 98rd in 2018 and having been honored as Fortune’s World’s Most Admired Companies for two consecutive years. Continuous efforts over the years in strategic transformation and management overhaul have enabled Sinochem Group to maintain a sustainable, healthy and rapid development. Sinochem Group has been rated A in corporate performance by SASAC for thirteen years.
Looking into the future, Sinochem Group will uphold the value of “In Science We Trust” and strive to be fully transformed into an innovative platform company driven by science and technology in 5 to 10 years, making contributions to implementing innovation-driven development strategy and building an innovative country. We aim to become a respectable world-class company and lead the industry, create maximum value for clients, shareholders and employees, and promote the sustainable development of our society.