During September 19-21, 2017 China Petroleum & Chemical International Conference (the largest chemical industry summit in China) was grandly held in Shanghai. Feng Zhibin, Vice President of Sinochem Group and President of Chemicals Business, attended as Vice Chair of China Petroleum and Chemical International Capacity Cooperation Enterprise Alliance. He delivered a speech themed with International Capacity Cooperation and Reform and Development of Fine Chemicals Enterprises in the context of “The Belt and Road”.
According to Mr. Feng, China is transforming from a large country with chemical industry scale to a powerful country boasting strong chemical industry. Supply-side reform, innovation-driven development, “The Belt and Road” Initiative and other national strategies have provided significant historical development opportunities and transformation and growth momentum. At present, Sinochem’sChemicals Business centers on being innovation-driven, further devotes to the construction of “The Belt and Road” in profound manner, and strives to develop into an innovative fine chemical enterprise. With Sinochem Group as the representative, “national team” of the China’s chemical industry raises high “innovation-driven growth” banner, launches internal reform, integration and self-improvement, vigorously seizes golden opportunities of “The Belt and Road”, and facilitates China to turn a new look from a large country to a powerful country in global chemical sector.
As stressed by Mr. Feng, Sinochem Group should not only emerge as a leading chemical product supplier in China, but also should be determined to play the role of fine chemical industry leader “deeply rooted in China and engaged in global operations”, and offer innovative, high-quality and green products and integrated solutions in agricultural chemicals, automotive chemicals, electronic chemicals and other fields. Sinochem’sChemicals Business will further place priority over fine chemicals business, and gradually spin off business lines less related to main businesses. Through organic growth and mergers and acquisitions in two-pronged manner, Sinochem’s Chemicals Business will constantly expand the industry scale, and consolidate its own leading position in the industry.
More than 1,500 guests from domestic and foreign chemical enterprises attended. All of them reached a consensus on the development trends of China’s chemical industry. “Smart Manufacturing”, “Innovation” and “Putting out to Sea” are appearing as new key words.