China National Chemical Corporation (ChemChina)

A large state-owned enterprise under the administration of the Assets Supervision and Administration Commission of the State Council established in May 2004 with approval of the State Council. It is competitive in the sectors of new chemical materials, basic chemical materials, oil processing, agrochemicals, rubber products and chemical equipment. In 2007, the company realized the first phase goal of the 11th Five-Year Plan in advance with assets and business revenue both worth over RMB 100 billion. The same year, its business income reached US$ 11.2 billion, ranking 19th in the World Chemical Top 100 and 28th in the China Top 500 enterprises.