Sinochem Holdings(中国中化)
Fast facts
- Year Founded
- 2021
Source: Qichachawww.qcc.com/firm/b1905f2386c155305b63bb7f3a7f13ad.html
- HQ Location
- Beijing, China
- Publicly Traded?
- No
- Overseas Operations
- Yes
Sinochem Holdings own production bases in such countries as China, France, Spain, Norway, Brazil, South Africa, Iceland, South Korea, etc. Source: Sinochem Websitewww.sinochem.com/17192.html
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
2021 revenue is taken from the annual report under the publicly listed company.Source: Sinochem 2021 Annual Reportwww.sinochemintl.com/Portals/35/Uploads/Files/2022/4-18/637858741260798162.pdf
*2021 revenue is taken from the annual report under the publicly listed company.
Valuation
Valuation was not publicly reported as of June 8, 2022. Sinochem International Corporation, this company’s publicly listed affiliate, is valued at USDSource: Yahoo Financefinance.yahoo.com/quote/600500.SS/key-statistics
*Valuation was not publicly reported as of June 8, 2022. Sinochem International Corporation, this company’s publicly listed affiliate, is valued at USD
Employees
Source: Sinochem Holdingswww.sinochem.com/newen/17185.html
This is the profile for an operating company known as Sinochem Holdings, Ltd. For the profile of the publicly listed company associated with, but distinct from this company, click here: Sinochem.
With the approval of the State Council, Sinochem Holdings Corporation Ltd. (“Sinochem Holdings”) is formed through the restructuring of Sinochem Group Co., Ltd. (“Sinochem Group”) and China National Chemical Corporation Ltd. (“ChemChina”). Sinochem has established a business model across the entire petrochemical industrial chain with distinctive features in its basic chemicals business. It is a leading integrated operator in the oil and chemical industry. It is also China’s largest producer of agriculture inputs including fertilizers, seeds, and agrochemicals.
At the same time, it is one of the sixteen central SOE approved by State-owned Assets Supervision and Administration Commission of the State Council (SASAC ) to develop real estate as the main business. Sinochem Holdings is also licensed to operate multiple financial businesses with significant advantages in trust and leasing.
Source: Sinochem Holdings Websitewww.sinochem.com/newen/17185.html
-
- Name
- Ownership
-
- The State Council
Source: Qichachawww.qcc.com/firm/b1905f2386c155305b63bb7f3a7f13ad.html
- 100%
- The State Council
- Níng Gāoníng (宁高宁), Chairman & Legal Representative
- Lǐ Fánróng (李凡荣), General Manager & Director
- Lǐ Qìng (李庆), Director
Source: Qichachawww.qcc.com/firm/b1905f2386c155305b63bb7f3a7f13ad.html
Sinochem Holdings own production bases in such countries as China, France, Spain, Norway, Brazil, South Africa, Iceland, South Korea, etc.
Source: Sinochem Websitewww.sinochem.com/17192.html
Sinochem Holdings Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies’ affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company’s full sanctions status.
Sinochem Holdings Reputational Disclosures
Though Sinochem International Corporation is not sanctioned at this time, its subsidiary, Sinochem Group Co Ltd, was sanctioned by the Trump Administration as a Chinese military-backed firm. However, the Biden Administration did not mention the group’s name when President Biden issued a new Executive Order 14032, titled “Addressing the Threat From Securities Investments That Finance Certain Companies of the People’s Republic of China” on June 2021.
The latest news on Sinochem Holdings from SupChina
The birth of a chemical leviathan — Sinochem and ChemChina merge
China’s two biggest chemicals companies are merging to form an enormous global conglomerate. Should the global industry be worried?
The latest news on Sinochem Holdings from across the web
China’s state refiners trim Sep run rates to 82%, from 84% in Aug
The average utilization rate of China’s four state-owned refiners fell from 84% in August to 82% in September, while independent refiners also cut run rates by two percentage points, according to S&P Global Platts. As a result, the country’s crude throughput is likely to fall further from the 15-month low of 58.35 million mt in …
Asia Pacific / Arab Gulf Marketscan
El informe de Platts Asia Pacific / Arab Gulf Marketscan (APAG Marketscan) le ofrece diariamente una detallada panorámica del mercado del petróleo de Asia.
China’s Private Refiners Grab Barrels as They Prepare to Ramp Up
Chinese independent oil refiners returned to the physical crude market in recent weeks, aiding a recovery in Asian demand after a government crackdown on the sector had spurred buyers to scale back activity.
China Finalizes Merger of Two Largest State Chemical Firms, Creating Sinochem Holdings
Subsidiary Syngenta remains the wildcard in the deal as it has signaled plans to IPO in mid-2022 in a move that could relieve debt pressures accumulated during its $43 billion 2016 acquisition
China is unloading its biggest-ever foreign acquisition
Now the IPO could be one of China’s biggest.
Sinochem International Releases 2020 Sustainability Report
/PRNewswire/ — Sinochem International (600500.SH) today released 2020 Sustainability Report. It is the 17th sustainability report issued in succession since…
China gives companies 'urgent notice' in oil import probe
China gave five state-owned companies until Thursday to report on their historic use of imported oil as part of a broader effort by the world’s largest oil importer to control shipments as domestic supplies swell.
China Approves Restructuring of Sinochem and ChemChina
China gave approval for a restructuring of Sinochem Group and ChemChina Group, two companies that have been long the target of merger speculation.
ChemChina's Syngenta Takeover Is a Failure. Time to Admit It
There’s a way to salvage the $46 billion purchase of agrochemical giant Syngenta.
Sinochem, ChemChina Consider Merger Plan That Won't Raise U.S. National Security Concerns
China is exploring ways to combine two of its biggest industrial-chemical companies without running afoul of pledges made to the U.S.
Sinochem, one of China's largest oil firms introduces warehouse receipt blockchain – Ledger Insights – enterprise blockchain
Today Sinochem unveiled its new warehouse receipt blockchain, which integrates internet of things (IoT). The state-owned firm is one of the largest oil producers in China. The first transaction was for oil trader Beijing Longrun Kaida Petrochemical Products, which received a warehouse receipt from Nanchu Management Group. That receipt was then used to secure trade […]
ChemChina, Sinochem Merger Could Now Face Sanctions Hurdle
A long-awaited tie-up between Sinochem and ChemChina looks closer, but the timing is precarious.
Sinochem boss hits out at anti-globalisation after US blacklist designation
Sinochem Group chairman Ning Gaoning says his faith in free trade has been shaken amid rising US-China tensions that recently saw his company put on a Pentagon watch list.
Trump administration says Sinochem and others backed by Chinese military
The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, the Pentagon said on Friday, laying the groundwork for new sanctions.
China Sinochem to start $4.6 billion Quanzhou petchem complex mid-2020: sources
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state firm’s first foray into making petrochemicals, three company sources said.
Former China Sinochem VP sentenced to 11-1/2 years prison for graft
A former senior executive at China’s state-run Sinochem Group was sentenced on Tuesday to 11-and-a-half years in prison for taking bribes, a court in eastern Shandong province said.
Sinochem chairman says merger with ChemChina still underway
Frank Ning Gao Ning, chairman of Chinese state-run Sinochem Group said on Wednesday the planned merger with China National Chemical Corp, or ChemChina, was still underway.
China close to abandoning ChemChina and Sinochem merger
Deal to create one of world’s biggest chemicals groups beset by management clashes
Sinochem unit discussing blockchain platform with Shell, Macquarie: sources
Sinochem Energy Technology Co Ltd, a subsidiary of state oil and chemicals firm Sinochem Group, is in talks with Royal Dutch Shell and Macquarie Group to build an energy blockchain platform, three Beijing-based industry sources said.
China’s Sinochem Will Sell Logistics Arm in Rare Privatization Move
A Chinese coal magnate is set to buy the logistics arm of China’s industrial conglomerate Sinochem International Corp., in the biggest-ever takeover of a state-run fleet by a private company.
China’s overseas investment set to slow, says Sinochem
Trade tension with US adds to worries over a slowdown in Chinese economy
China’s Chemical Giants to Share a Chairman, Signaling a Merger
A single chairman has been named to lead China’s two state-owned industrial chemical giants, a move that likely foreshadows the long-expected combination of the two companies.
As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources
Chinese state-owned Sinochem and ChemChina are in merger talks to create the world’s biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said.
Sinochem and ChemChina in merger talks to create chemicals giant
Talks over a merger could complicate ChemChina’s $44bn takeover of Swiss rival Syngenta
