Sinochem Lantian is the successor of Zhejiang Petrochemical & Building Material Group Co., Ltd. (hereinafter referred to as Petrochemical & Building Material) which was a provincial-level group formed by Zhejiang Petrochemical Group Co., Ltd. and Zhejiang Building Material Group Co., Ltd.. In June 2008, Sinochem Group (a Fortune Global 500) became the holding company of Petrochemical & Building Material after signing an investment agreement with the State-owned Asset Supervision and Administration Commission (SASAC) of Zhejiang Provincial Government. In July 2009, Petrochemical & Building Material was renamed as Sinochem Lantian. At present, Sinochem Lantian's business primarily focuses on fluorine chemical, pharmaceutical distribution, and engineering design, etc.
In the field of fluorine chemical, Sinochem Lantian has established a complete industrial chain, integrating resource development (fluorspar), R&D, production and marketing. Sinochem Lantian's product line covers ODS substitutes, fluoropolymers, and fluorinated fine chemicals, among which more than 10 products have the largest market share both at home and abroad. Zhejiang Research Institute of Chemical Industry, affiliated to Sinochem Lantian, was founded in 1950 and is the only supporting institution in China of two national-level engineering centers: National ODS Alternatives Engineering & Technology Center and National Southern Pesticide Research Center, Zhejiang Branch.
In the field of pharmaceutical distribution, Int'l Group (affiliated to Sinochem Lantian) was listed on Shenzhen Stock Exchange in 1996, and its subsidiary Zhejiang Int'l Medicine Co., Ltd. (hereinafter referred to as Inmedic) has become the leading enterprise in pharmaceutical distribution in Zhejiang Province. Its service features famous, high-quality, innovative and effective medicines, and focuses on distribution and logistics. Inmedic has won a number of national and provincial awards for its excellent service for several straight years.
In the field of engineering design, Zhejiang Titan Design & Engineering Co., Ltd. (affiliated to Sinochem Lantian; hereinafter referred to as Titan Design) is a technology-oriented enterprise reformed in July 2002 from its predecessor Zhejiang Petrochemical Engineering Design Institute which was founded in 1958. Titan Design is in possession of Grade-A certificates in engineering, consultation and EPC (engineering/procurement/construction) in the field of petrochemical, chemical and pharmaceutical, and ranks top three among its peers.
Looking into the future, Sinochem Lantian will primarily focus on two core businesses of fluorine chemical and pharmaceutical distribution while making over-all planning for other business, strengthening corporate management and combining the cultures of Sinochem Group and Zhejiang entrepreneurs with the view of building Sinochem Lantian into an outstanding corporate group with core competitiveness, industrial influence and good economic returns.