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China National Chemical Corp established.
(From Chemical Business NewsBase - China Chemical Reporter)
On 9 May 2004, China National Chemical Corp (CNCC) was established. This is a state operated chemical conglomerate based on the merger between two state-owned chemical majors, China National Blue Star (Group) Corp and China Haohua Chemical Industrial (Group) Corp (CHC). Another part of the conglomerate is China National Chemical Information Centre (CNCIC), a subsidiary of CHC. The registered capital of CNCC is RMB 5.7 bn and has 100,000 employees. CNCC aims to have total assets of RMB 50 bn and annual sales of over RMB 40 bn in 2004. It will focus on new and basic raw material, chemicals for military use, as …
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