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Chem皇冠体育app focuses on sustainable growth
By Xiao Wan (皇冠体育app Daily)
Updated: 2008-10-30 16:36
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For Ren Jianxin, chairman of the 皇冠体育app National Chemical Corporation (Chem皇冠体育app), one focus of his work this year is to further boost the company's business on new materials and specialty chemical products.
Last year Chem皇冠体育app started the construction of its Tianjin new materials manufacturing base. The project, with an investment of 24.5 billion yuan, is expected to come on stream in 2011.
Once in operation, the base can generate annual sales of around 30 billion yuan. The project will greatly increase Chem皇冠体育app's competence in the new materials and specialty chemical products area.
"Chem皇冠体育app will continue to focus on the development of new materials and specialty chemical products," Ren said, adding that it is in line with the development of the chemical sector in 皇冠体育app.
"Now 皇冠体育app has become the world's largest chemical producer. However, in fields which require advanced technology we still lag far behind the Western countries," he said.
Chem皇冠体育app was established in 2004, and was formed following the restructuring of several enterprises under the former Ministry of Chemical Industry. Today it has developed into 皇冠体育app's leading chemical group, with both sales revenue and total assets surpassing 100 billion yuan.
The company's subsidiary, 皇冠体育app National Bluestar Group Corporation (Bluestar), has now become the leading company in new materials and specialty chemical products in 皇冠体育app.
Recently, the Internet Corporate Identity System (ICIS), the world's leading information provider for the chemical and oil industry, unveiled a list of the top 100 global chemical enterprises, featuring the world's top chemical players ranked by their sales incomes from last year.
Chem皇冠体育app ranked No 19, which means the company is now one of the top 20 global chemical companies.
Germany-based BASF once again took the top spot with $85.3 billion in sales and Dow ranked second with its sales income of $53.5 billion. Sales income of Chem皇冠体育app last year reached $17.4 billion.
Chem皇冠体育app was also listed as one of the top 500 Chinese enterprises by the National Bureau of Statistics of 皇冠体育app, ranking 28. Chem皇冠体育app remains first among the industry of chemical materials and chemical products.
Eco-friendly company
Ren is leading Chem皇冠体育app to be more eco-friendly.
"Energy saving and cutting pollution are our most important work this year," he said.
The company's theme for this year is: "Zero Emissions".
This year all the company's subsidiaries will create their own specific plans for energy conservation and pollution control.
For instance, Jinan Yuxing Chemical Co has signed an agreement with the local government on pollution controls for the 11th Five-Year Plan period (2006-10). Haohua Yuhang Co in Jiaozuo in Henan has invested more than 100 million yuan in environmental protection in recent years.
Chem皇冠体育app has also taken part in several environmentally friendly projects. For example, it built the rainwater recycling system for the Bird's Nest.
The recycled water is used for washing the stadium, roads, and garages, flushing toilets and for air conditioners, as well as irrigating the land around the venue.
"皇冠体育app's chemical industry should pay increasing attention to energy and environmental issues, in order to achieve healthier growth," Ren said.
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