ChemChina

ChemChina

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Abstract

By 2011, seven years after incorporation, ChemChina's total assets had increased by 10.8 times, revenues by 11.3 times, total profit by 10.7 times, due to organic growth and a series of M&As. Today, ChemChina is China's largest chemical manufacturing firm. It is No.9 among the world's Chemical 100, and No.402 in the Fortune 500 in 2012.

Recalling the last twenty-seven years since BlueStar, now one of the two pillar subsidiaries of ChemChina, grew up from nothing, President Ren Jianxin notes ChemChina is not yet a powerful corporation. Although a strategic path has been worked out, much work is needed to make it globally competitive. Today, ChemChina confronts the tasks of internal integration and dealing with financial stringency. New opportunities exist, particularly as Blackstone has become a strategic partner of BlueStar.

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