On the last working day before the Lunar New Year, the “merger of informatization and informatization” finally came to fruition.
After the market closed on the afternoon of January 23, listed companies such as Sinochem International (600500.SH) and Adisseo (600299.SH) announced that after receiving a letter from the actual controller, China Sinochem Group Co., Ltd. The company is planning a strategic reorganization with China National Chemical Corporation. The specific content of the restructuring plan and its implementation are still subject to relevant approval and regulatory procedures.
That night, Haohua Technology, Fengshen Co., Ltd., Krause, and Shenyang Chemical Industry all issued similar announcements.
Sinochem Group and ChemChina are both Fortune 500 companies in the world. Their rankings in 2019 were 88th and 88th respectively. 144 bits.
Sinochem Group has approximately 60,000 employees and its business covers energy, chemicals, agriculture and other industries. ChemChina is the largest chemical company in China, with approximately 160,000 employees.
Rumors about the “merger of industrialization and industrialization” have been circulated many times in recent years, but they have never been officially announced. The “merger of informatization and informatization” did not appear in the external statements of the two groups. The more common term is “cooperation of informatization and informatization”.
Ning Gaoning, Chairman of Sinochem Group, once publicly stated, “Currently, Sinochem Group and ChemChina are vigorously promoting cooperation in the two industries.” In his view, cooperation between the two industries It will effectively improve China’s innovation capabilities and industrial status in the global energy, chemical and agricultural fields.
In early January this year, the “merger of industrialization and industrialization” finally started in the agricultural sector. Sinochem Group announced that the main assets of its agricultural sector will be injected into Syngenta Group, a subsidiary of ChemChina, which was established in June 2019.
At the same time, ChemChina also transferred all its shares in Syngenta Co., Ltd. and 74.02% of ADAMA Co., Ltd. to Syngenta Group. . Two years ago, China National Chemical Corporation spent money to acquire Syngenta and ADAMA.
Both ChemChina and Sinochem Group stated that this move is aimed at further deepening the reform of state-owned enterprises and optimizing resource allocation. This is also a sign of strengthening cooperation between the two.
In 2019, Sinochem Group’s operating performance reached a record high, with operating income remaining generally stable, reaching 586.3 billion yuan, and total profit and net profit growing significantly, reaching 18.68 billion yuan respectively. and 13.36 billion yuan. ChemChina’s sales revenue in 2018 was 391.9 billion yuan.
Now, a giant with annual revenue of nearly 1 trillion yuan and more than 220,000 employees is about to emerge, which is bound to change the pattern of the global chemical industry.
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