Chronicle for ChemChina
Year:2008 ISSUE:6
COLUMN:COMPANY FOCUS
Click:191    DateTime:Nov.18,2008
Chronicle for ChemChina       

ChemChina Group Corporation, set up in 2004 by merging by China National Bluestar (Group) Corporation and China Haohua Chemical Industrial (Group) Corporation together, has been struggling for the fifth largest state-owned petrochemical group of China. In 2006 it achieved a total revenue of RMB72.76 billion and remained its fifth position.
   January 16th, 2006: China National Chemical Equipment Corporation subordinate to ChemChina and Zhongche Group signed an agreement on the equity transfer of Qingdao Huanghai Rubber Group with Qingdao Municipal Government.
   January 18th, 2006: ChemChina and Cangzhou Municipal Government signed a Framework Agreement on the Strategic Cooperation in the Construction of ChemChina Cangzhou Chemical Industry Base.
   March 27th, 2006: ChemChina and Hainan Provincial Government signed a strategic cooperation agreement.
   April 3rd, 2006: ChemChina has purchased 100% equity of Qenos, an Australian ethylene producer.
   August 21st, 2006: China National Chemical New Material Corporation signed an agreement with the State-owned Assets Supervision and Administration of Qiqihar Municipal Government, for Heihua Group transferring 53.3% equity interest in Heihua to CNCNMC on debt-liability.
   August 2006: Shandong Dacheng Pesticide Co., Ltd. (Shandong Dacheng) announced that its majority share holder - Finance Bureau of Zibo Government has agreed to transfer its wholly state-owned 56.753667 million shares in Shandong Dacheng into ChemChina Agrochemical Corporation for no payment.
   September 10th, 2006: Qingdao Yellowsea Rubber Co., Ltd. announced that its 90% equity owned by State-owned Assets Supervision and Administration of Qingdao (SASA Qingdao), was purchased by Zhongche Group, extra 10% stake held by SASA Qingdao was acquired by China National Chemical Equipment Corporation.
   October 18th, 2006: ChemChina and Cangzhou Municipal Government signed an agreement, for ChemChina acquiring 51% equity in Cangzhou Dahua Co., Ltd. and building ChemChina Cangzhou Chemical Industry Base, through its wholly-owned subsidiary of ChemChina Agrochemical Corporation.
   October 25th, 2006: Rhodia announced the signature of an agreement for the sale of its silicones business to China National Bluestar (Group) Corporation.
   December 7th, 2006: China National Bluestar (Group) Corporation has signed an agreement with Beijing Rongda Investment Co., Ltd. on November 29th, 2006
   December 18th, 2006: China Haohua Chemical Industrial (Group) Corporation and Henan Jiaozuo Municipal Government signed a Framework Agreement on the development of tire industry.
   January 2nd, 2007: ChemChina signed an agreement with Qingdao Guangyuanfa Group, on forming a joint venture Qingdao Anbang Petrochemical Co., Ltd.
   September 10th, 2007: ChemChina and the Blackstone Group jointly announced a strategic partnership to build a global leader in the specialty chemical industry.
   September 2007: ChemChina and Atos Origin have signed a Global Strategic Partnership Framework Agreement.
   October 25th, 2007: ChemChina released that it will increase an investment in Hunan province for a distribution base of rubber mechanism/equipment and a production base of polyvinyl alcohol and radial tire.
   November 15th, 2007: ChemChina started the construction on the Bluestar Chemical New Material Production Base in Lingang Industrial Area, Tianjin.
   November 2007: ChemChina, the Blackstone Group and Fox Paine Management have agreed to purchase Australia's Nufarm Limited, for a consideration of US$2.75 billion in cash.