Issue 5
Issue 5
Issue 5
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February 2008
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
(Draft to Solicit Opinions)<br />
The following is the Chronicle of ChemChina in 2007. We are eager to receive opinions and<br />
suggestions from all functional departments and subsidiaries. Please send your feedback to the<br />
ChemChina Office at: jiazd@chemchina.com.cn.<br />
Jan. 5<br />
A meeting was held in ChemChina<br />
by its Safety Committee, conveying<br />
the safety requirements of the<br />
State Administration of Work Safety.<br />
ChemChina President Ren Jianxin<br />
a u t h o r i z e d C h e m C h i n a ' s 2 0 0 7<br />
initiatives for safe production.<br />
www.chemchina.com.cn<br />
Jan. 30<br />
China National Advanced Chemical<br />
M a t e r i a l s C o r p o r a t i o n , a s a<br />
transferee, signed a contract with<br />
Hunan Huasheng Industrial & Trading<br />
Imp. & Exp. (Group) Corp to acquire<br />
100% of Hunan Xiangwei Co., Ltd.<br />
By using pressure swing adsorption<br />
(PSA) gas separation technology<br />
from the Southwest Research &<br />
Design Institute of Chemical Industry<br />
(SWRDICI), ChemChina took the<br />
lead to build a successful MSW<br />
(municipal solid waste) green energy<br />
environmental protection project in<br />
Hong Kong.<br />
Jiangsu Anpon Electrochemical Co.,<br />
Ltd.'s 20,000 t/a ECH (epichlorohydrin)<br />
p r o j e c t w a s c o m p l e t e d a n d<br />
commissioned.<br />
Feb. 9<br />
T h e D i s c i p l i n e I n s p e c t i o n<br />
Committee of ChemChina held<br />
a c o n f e r e n c e , c o n v e y i n g t h e<br />
principles of the Seventh Plenary<br />
C o n f e r e n c e o f t h e C e n t r a l<br />
C o m m i s s i o n f o r D i s c i p l i n e<br />
I n s p e c t i o n a n d t h e C e n t r a l<br />
Enterprises Discipline Inspection<br />
and Supervision Conference. At the<br />
meeting, the committee summed up<br />
and announced the commencement<br />
o f C h e m C h i n a ' s d i s c i p l i n e<br />
inspection and supervision work.<br />
ChemChina President Ren Jianxin<br />
addressed the meeting. (Above)<br />
Mar. 7<br />
Feb. 18<br />
The President of ChemChina,<br />
Ren Jianxin made a survey tour<br />
of five enterprises in Shanxi and<br />
Henan Province and paid a visit to<br />
employees working during the New<br />
Year holiday.<br />
Feb. 27<br />
At the 2006 National Science and<br />
Technology Awards Conference, the<br />
Clean Catalytic Phenol Alkylation<br />
Technology and Industrial Application<br />
Project of the Wuxi Resin Plant won<br />
the Second Prize for 2006 National<br />
Science and Technology Progress.<br />
Zhonghao Chenguang Research<br />
Institute of Chemical Industry was<br />
approved as an IPR (Intellectual<br />
Property Right) Demonstration<br />
Enterprise by the State Intellectual<br />
Property Office (SIPO).<br />
ChemChina's Committee on Science and Technology held<br />
its first meeting of all members. Ren Jianxin, President of<br />
ChemChina gave the keynote speech. (Left)<br />
February 2008<br />
1
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
Mar. 8<br />
C h e m C h i n a h e l d a f o r u m f o r<br />
its female workers. ChemChina<br />
President Ren Jianxin attended<br />
t h e m e e t i n g a n d e n c o u r a g e d<br />
the women to contribute to the<br />
development of a harmonious<br />
enterprise.<br />
Mar. 23<br />
Thanks to tireless efforts, Qenos<br />
Australia Pty. Ltd. won an award<br />
from the Australian Government<br />
for its outstanding water-saving<br />
achievements.<br />
Mar. 28<br />
Cosponsored by ChemChina, Hainan<br />
Provincial Government, German<br />
DECHEMA and HSBC HK, the 07 Bo'ao<br />
International Advanced Materials<br />
Mar. 9<br />
President of ChemChina Ren Jianxin,<br />
together with the President of China<br />
Construction Bank Zhang Jianguo,<br />
exchanged views on the bankenterprise<br />
cooperation and unified<br />
assets management of ChemChina.<br />
ChemChina chose China Construction<br />
Bank as its financial advisor and<br />
discussed promoting strategic<br />
cooperation in financial management,<br />
finance, project construction,<br />
overseas listings and other aspects.<br />
Mar. 13<br />
ChemChina issued a document,<br />
Suggestions on Learning f r om t he<br />
Team-building Experiences of BlueStar<br />
Petroleum Co., Ltd. Tianjin Branch ,<br />
directing all subsidiaries to study<br />
the successful experiences of<br />
Tianjin branch, strengthen their<br />
own team-building and improve<br />
t h e q u a l i t y of e m p l oyees a n d<br />
management.<br />
Apr. 7<br />
ChemChina held its CPC Party<br />
Delegate Conference in Beijing. The<br />
conference elected Ren Jianxin and<br />
three other delegates to represent<br />
ChemChina at the CPC Beijing-based<br />
Central Enterprises Conference.<br />
Yu Zhengsheng, Member of the<br />
Political Bureau of CPC Central<br />
Committee and secretary of Hubei<br />
Provincial CPC Party Committee, and<br />
Luo Qingquan, Governor of Hubei<br />
Province, accompanied by Meng<br />
Jianzhu, Secretary of the Jiangxi<br />
Provincial CPC Party Committee,<br />
and the Governor of Jiangxi Province<br />
Wu Xinxiong, made a survey tour<br />
of Jiangxi Xinghuo Organic Silicone<br />
Plant.<br />
Forum was held in Bo'ao, Hainan. The<br />
Deputy Director of the NPC Standing<br />
Committee, Gu Xiulian, the Deputy<br />
Director of National Development<br />
and Reform Commission (NDRC),<br />
Zhang Guobao, Hainan Provincial CPC<br />
Party Secretary Wei Liucheng and<br />
the Chairman of China Petroleum<br />
and Chemical Industry Association,<br />
Li Yongwu all attended the forum.<br />
ChemChina President Ren Jianxin also<br />
delivered a speech at the forum.<br />
Apr. 19<br />
ChemChina Methods for Investment<br />
M a n a g e m e n t<br />
w a s i s s u e d a n d<br />
implementation began.<br />
www.chemchina.com.cn<br />
Mar. 15<br />
Sun Huashan, Deputy Director of the<br />
State Administration of Work Safety<br />
and his entourage toured ChemChina<br />
reviewing safety improvements. Ren<br />
Jianxin, President of ChemChina<br />
briefed him on the safety efforts of<br />
the Corporation.<br />
Apr. 16<br />
ChemChina President Ren Jianxin led<br />
an administrative level meeting to<br />
relay the content of the IT Solutions<br />
Conference held by SASAC (Stateowned<br />
Assets Supervision and<br />
Administration Commission) and to<br />
plan for ChemChina's Enterprise IT<br />
Solutions.<br />
Apr. 20<br />
With approval of the National<br />
Development and Reform Commission<br />
(NDRC), ChemChina successfully<br />
issued corporate bonds of RMB1.5<br />
billion. This was the first time<br />
ChemChina issued bonds under its<br />
name.<br />
February 2008<br />
2
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
www.chemchina.com.cn<br />
Apr. 29<br />
ChemChina held a forum called<br />
Commemoration of Youth Day.<br />
More than 30 representatives from<br />
subsidiaries attended. ChemChina<br />
President Ren Jianxin and the CPC<br />
Party Committee Deputy Secretary of<br />
ChemChina Fu Xiangsheng addressed<br />
the forum.<br />
A National May 1 st Labor Day Award<br />
was granted to the evaporation<br />
work section of the Chlor-alkali<br />
Plant of the Siping Haohua Chemical<br />
Co., Ltd., issued by the All China<br />
Federation of Trade Unions. In<br />
addition, the Chairman of the Board<br />
of Haohua South China (Guilin)<br />
Rubber Co., Ltd., Li Dongping, the<br />
Chairman of the Board of Cangzhou<br />
Dahua Group Co., Ltd., Ping Haijun<br />
and the Director of the PVC Plant<br />
of Shenyang Chemical Co., Ltd.,<br />
Li Chunming were honored with<br />
National May 1 st Labor Day Medals.<br />
Double Happiness Tyre Industries<br />
Corp Ltd.'s 600,000 sets/year<br />
all-steel radial tire project was<br />
completed and put into production.<br />
May. 1<br />
ChemChina President Ren Jianxin<br />
made a tour to survey more than<br />
10 subsidiaries of ChemChina in<br />
Shandong Province. He looked into<br />
production and operations, planning<br />
and construction, security and<br />
environmental protection, energy<br />
conservation and emission reduction,<br />
enterprise management and other<br />
issues. (Below)<br />
May. 11<br />
A n e x p l o s i o n o c c u r r e d i n t h e<br />
nitration section of the TDI (toluene<br />
diisocyanate) workshop of Cangzhou<br />
Dahua TDI Co., Ltd., a company<br />
majority-owned by ChemChina<br />
Agrochemical Corporation. Five<br />
deaths and 80 injuries resulted. A full<br />
scale investigation into the accident<br />
was launched by ChemChina.<br />
China BlueStar Lehigh Engineering<br />
Corporation won the Second Prize<br />
for Chemical Industry Outstanding<br />
Engineering Design, the Third Prize<br />
for State Environmental Protection<br />
Te c h n o l o g y Pr o g r e s s a n d w a s<br />
classified as a State Environmental<br />
Protection Demonstration Project for<br />
its project to improve technology<br />
for coking sewage treatment for<br />
Nanchang Iron and Steel Co., Ltd.<br />
May. 14<br />
A ChemChina delegation attended the<br />
exhibition ACHEMASIA 2007. ChemChina<br />
President Ren Jianxin attended<br />
the ACHEMA Chemical Process and<br />
Engineering Forum and delivered a<br />
speech entitled Developing Advanced<br />
Chemical Materials Industry through<br />
Innovation and Cooperation.<br />
Qihua Group Co., Ltd. was under strict<br />
supervision by the State Environmental<br />
Protection Administration (SEPA) due<br />
to its published case of not treating<br />
sewage water in accordance with<br />
national standards.<br />
May. 16<br />
Provisional Methods of ChemChina<br />
for Recruitment of Eligible Marketing<br />
w a s i s s u e d , a n d<br />
implementation was started.<br />
P r o f e s s i o n a l s<br />
May. 28<br />
ChemChina Agrochemical Corporation<br />
acquired a 70% stake in Jiangsu<br />
Huaihe Chemicals Co., Ltd.<br />
The new 800,000 t/a diesel<br />
hydrogenation project of Shandong<br />
Changyi Petrochemical Co., Ltd. was<br />
completed and began commissioning.<br />
Jun. 1<br />
ChemChina launched "safe production<br />
month" activities with the theme<br />
of Comprehensive Management<br />
and Security Protection. In order<br />
to improve production safety, all<br />
e n t e r p r i s e s t o o k m a n a g e m e n t<br />
actions on the basis of thorough<br />
investigation of potential safety<br />
hazards, promoting safety principles,<br />
complying with safety regulations<br />
and taking responsibility for security.<br />
Jun. 7<br />
T h e V i c e C h a i r m a n o f C P P C C<br />
National Committee Zhou Tienong<br />
(second from the left) made a tour<br />
of Shenyang Chemical Co., Ltd.<br />
reviewing energy conservation and<br />
emission reduction work. (Above)<br />
Construction of the 60,000 t/a<br />
POM project - phase II of the<br />
whole 200,000 t/a POM project of<br />
Shanghai BlueStar New Chemical<br />
Materials Plant - was formally<br />
launched at the Spark Development<br />
Zone in Shanghai.<br />
Jun. 12<br />
Tw o d o c u m e n t s o f g u i d a n c e -<br />
Provisional Methods of ChemChina<br />
for Assessment of Achievements of<br />
Directors of Subsidiaries, and Provisional<br />
Methods of ChemChina for Managing the<br />
Compensation of Directors of Subsidiaries<br />
- were issued and implementation<br />
began.<br />
February 2008<br />
3
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
Jun. 16<br />
www.chemchina.com.cn<br />
B l u e S t a r ( B e i j i n g ) C h e m i c a l<br />
Machinery Co., Ltd. (BCMC) won the<br />
bid for Jiangsu Electrochemical's<br />
200,000 t/a ion-exchange membrane<br />
caustic soda project, becoming the<br />
first enterprise in China capable of<br />
delivering an ion-exchange caustic<br />
soda unit with scale as large as<br />
200,000 t/a from design through<br />
manufacture and installation.<br />
Jun. 20<br />
ChemChina President Ren Jianxin and<br />
the Vice President Fan Xiaosen toured<br />
the construction site at Tianjin<br />
Lingang Industrial Area (TLIA). The<br />
CPC Committee Secretary of Tianjin<br />
Zhang Gaoli and Mayor of Tianjin Dai<br />
Xianglong met with Ren Jianxin. They<br />
talked in depth about ChemChina's<br />
project in TLIA.<br />
Jun. 22<br />
The Labor Union of ChemChina<br />
started "Five Small" activities<br />
consisting of "small inventions,<br />
small designs, small reforms, small<br />
remakes and small proposals."<br />
Jun. 26<br />
The CPC Committee of ChemChina<br />
o r g a n i z e d p a r t y m e m b e r s t o<br />
celebrate the 86 th<br />
anniversary of<br />
the founding of the CPC (Communist<br />
Party of China). Party members and<br />
activists visited the Anti-Japanese<br />
War Memorial Hall and reaffirmed<br />
their oath of joining the party.<br />
Jun. 28<br />
The Governor of Liaoning Province Zhang<br />
Wenyue toured Shenyang Chemical Co.,<br />
Ltd. reviewing energy conservation and<br />
emission reduction efforts.<br />
China National Advanced Chemical<br />
Materials Corporation reorganized<br />
Hebei Shenghua Chemical Industry<br />
Co., Ltd. by increasing capital<br />
through enlarging share capital.<br />
Jun. 29<br />
S A S A C ( S t a t e - o w n e d A s s e t s<br />
Supervision and Administration<br />
C o m m i s s i o n ) r e a s s i g n e d s o m e<br />
ChemChina administrative directors.<br />
Du Guosheng became the Vice<br />
President and the CPC Committee<br />
Secretary of ChemChina.<br />
Jul. 3<br />
The Third Generation Municipal<br />
D r i n k i n g Wa t e r P u r i f i c a t i o n<br />
Process developed by BlueStar<br />
Water Treatment Co., Ltd. gained<br />
approval from experts and relevant<br />
d e p a r t m e n t s o f t h e N a t i o n a l<br />
M e m b r a n e Wa t e r Tr e a t m e n t<br />
Technology Exchange Seminar.<br />
Jul. 5<br />
Mr. Liu Tienan, Deputy Director of<br />
the State Council's Northeast China<br />
Revitalization Office, accompanied<br />
by ChemChina President Ren Jianxin,<br />
made a survey tour of BlueStar<br />
(Beijing) Chemical Machinery Co.,<br />
Ltd. (BCMC). Mr. Liu encouraged the<br />
company to be active in independent<br />
R&D for innovation, and carry the<br />
domestic manufacture of chemical<br />
machinery to a higher level.<br />
Jul. 11<br />
ChemChina required its subsidiaries<br />
to organize special inspection teams<br />
to carry out in-depth investigations<br />
for hidden hazards in production.<br />
Jul. 12<br />
The Deputy Director of the State<br />
Administration of Work Safety Wang<br />
Dexue toured ChemChina. ChemChina<br />
President Ren Jianxin briefed him on<br />
ChemChina's development and the<br />
status of production safety. (Above)<br />
Approved by the Ministry of Science<br />
and Technology, the Southwest<br />
Research & Design Institute of Chemical<br />
Industry (SWRDICI) Laboratory of<br />
Comprehensive Utilization of Industrial<br />
Gas Emissions became one of China's<br />
first batch of National Level Key<br />
Laboratories to be established within<br />
enterprises.<br />
The world's first 100,000 t/a<br />
d i m e t h y l e t h e r d e v i c e u s i n g<br />
c r u d e m e t h a n o l a s f e e d s t o c k<br />
was commissioned and started<br />
operation. The project had technical<br />
support and engineering design<br />
from Southwest Research & Design<br />
Institute of Chemical Industry<br />
(SWRDICI) and Sichuan Tianyi Science<br />
& Technology Co., Ltd.<br />
Southwest China Haohua Chemical<br />
Co., Ltd. successfully rebuilt its<br />
carbon tetrachloride unit into a<br />
tetrachloroethylene unit. This new<br />
technology was unprecedented in<br />
China.<br />
Jul. 27<br />
T h r e e d o c u m e n t s o f g u i d a n c e<br />
- Me t hod s o f ChemCh i na on Aud i t<br />
Management of Project Construction,<br />
Provisional Methods of ChemChina on<br />
Consigning Social Commission Agency<br />
for Audit of Project Construction, and<br />
Provisional Methods of ChemChina on<br />
Audit of Economic Efficiency - were<br />
issued, and implementation started.<br />
February 2008<br />
4
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
www.chemchina.com.cn<br />
Aug. 4<br />
C h e m C h i n a h e l d i t s E c o n o m i c<br />
Operation Analysis Meeting for the<br />
first half year. In accordance with the<br />
principle advocated in the Central<br />
Enterprise Directors Seminar, Mr.<br />
Ren Jianxin initiated the work of the<br />
second half.<br />
Aug. 6<br />
Over 100 new recruits of ChemChina's<br />
Beijing subsidiaries (2007 university<br />
graduates) received career training.<br />
The President of ChemChina, Ren<br />
Jianxin, and CPC Vice Secretary, Fu<br />
Xiangsheng, made speeches at the<br />
training. (Above)<br />
Aug. 16<br />
In the Appraisal of China's Top 100<br />
Professional Industrial Websites<br />
organized by 51Top100 (http://<br />
www.51top100.com), two websites<br />
sponsored by China National Chemical<br />
Information Center (CNCIC) - namely,<br />
China Chemical Information Net<br />
(www.cheminfo.gov.cn), and China<br />
Chemical City On Internet (CCCOI,<br />
www.chem.com.cn) - ranked second<br />
and third in the chemical sector.<br />
Aug. 23<br />
ChemChina held a training class<br />
in Beijing for saving water. The<br />
directors and representatives in<br />
charge of energy conservation and<br />
emission reduction from more than<br />
40 of ChemChina's biggest waterconsuming<br />
subsidiaries participated<br />
in the training.<br />
Aug. 25<br />
Chonche Group Nanjing 7425 Factory<br />
was awarded a DOT certificate (for<br />
passing Federal Motor Vehicle Safety<br />
Standards) from the US Department<br />
of Transportation (DOT) for selling its<br />
auto-parts products to the US.<br />
Aug. 28<br />
Two projects of Siping Haohua<br />
Chemical Co., Ltd. that were underconstruction,<br />
- namely the 200,000<br />
t/a ion-exchange membrane caustic<br />
soda project and the 200,000 t/a<br />
PVC (polyvinyl chloride) paste resin<br />
project - after gaining the approval of<br />
the National Development and Reform<br />
Commission (NDRC), were included in<br />
the third group of Nationally funded<br />
projects for revitalizing traditional<br />
industries in Northeast China.<br />
BlueStar Water Treatment Co.,<br />
Ltd. won the bid to engineer the<br />
rainwater utilization for the Bird's<br />
Nest (the National Stadium) for the<br />
Beijing 2008 Olympic Games, and<br />
adopted advanced water treatment<br />
technology in keeping up with the<br />
goal of "Hi-tech Olympics."<br />
Sep. 1<br />
A meeting was held in ChemChina to<br />
convey the principles of the Central<br />
Enterprise Energy Conservation and<br />
Emission Reduction Conference. The<br />
President of ChemChina, Ren Jianxin<br />
directed the whole corporation to<br />
adopt these principles.<br />
Sep. 10<br />
ChemChina and the US Blackstone<br />
Group established a strategic<br />
partnership. Blackstone invested<br />
US$600 million (a 20% stake) in<br />
China National BlueStar (Group)<br />
Corporation. The combined strengths<br />
of ChemChina's chemical business<br />
and Blackstone's international capital<br />
operation will help build BlueStar<br />
into a world leading company in the<br />
fields of advanced chemical materials<br />
and specialty chemicals. (Right)<br />
Sep. 11<br />
ChemChina and Atos Origin signed<br />
a framework contract for global<br />
strategic cooperation. The President<br />
of ChemChina, Ren Jianxin, and the<br />
CEO of Atos Origin, Bernard Bourigeaud<br />
were present at the ceremony.<br />
The State General Administration<br />
of Quality Supervision, Inspection<br />
and Quarantine (AQSIQ) held the<br />
2007 Conference on China's Top<br />
Brands and China's International<br />
Top Brand Commendations in the<br />
Great Hall of the People, Beijing.<br />
Five products of ChemChina -<br />
Shenyang Chemical's "XingTa" PVC<br />
paste resin; Qingdao Rubber6 Group's<br />
"Rubber6" heavy-duty conveyor belt;<br />
BlueStar Cleaning's "BlueStar" vehicle<br />
antifreeze solution; Guilin Latex<br />
Plant's "GaoBang" rubber condom;<br />
and Aeolus Tyre's "Aeolus" full-steel<br />
radial tires - were honored as China<br />
Top Brands.<br />
China National Chemical Equipment<br />
Corporation (CNCE) was awarded a<br />
class-B license as a bidding agency of<br />
investment projects financed by the<br />
central government.<br />
Sep. 14<br />
The State-owned Assets Supervision<br />
and Administration Commission<br />
of the State Council (SASAC) held<br />
a Central Enterprise IT Solutions<br />
Seminar at ChemChina HQ. The<br />
Deputy Director of SASAC, Mr. Li Wei<br />
addressed the seminar, and heard a<br />
report presented by Mr. Ren Jianxin<br />
representing the administrative<br />
officers of ChemChina.<br />
February 2008<br />
5
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
Sep. 16<br />
ChemChina organized ten of its<br />
subsidiaries to exhibit at the China<br />
(Taiyuan) International Coal and<br />
Energy New Industry Expo (2007<br />
CICEN Expo).<br />
Sep. 17<br />
China National Advanced Chemical<br />
Materials Corporation reorganized<br />
Dezhou Shihua Chemical Co., Ltd.<br />
by acquiring 100% of its state-owned<br />
stocks previously held by the Stateowned<br />
Assets Management Office of<br />
Dezhou City, Shandong Province.<br />
Fujian Sanming Double-Wheel<br />
Chemical Engineering Co., Ltd.<br />
received an A1-Level High Pressure<br />
Ve s s e l M a n u f a c t u r i n g L i c e n s e<br />
authorized by the State General<br />
Administration of Quality Supervision,<br />
Inspection and Quarantine (AQSIQ).<br />
Shanxi Synthetic Rubber Group was<br />
awarded a State High-Tech Enterprise<br />
Certificate.<br />
Hunan Yiyang Rubber & Plastics<br />
Machinery Group Co., Ltd. was<br />
authorized as a Supporting Enterprise<br />
for the National Level Enterprise<br />
Technology Center, jointly approved<br />
by five ministries and commissions<br />
including the National Development<br />
and Reform Commission, the Ministry<br />
of Science and Technology, the<br />
Ministry of Finance, the General<br />
Administration of Customs and the<br />
State Administration of Taxation.<br />
Sep. 30<br />
Provisional Regulations of ChemChina<br />
on Supervision and Management of<br />
was<br />
issued, and implementation began.<br />
Engineering and Construction<br />
Oct. 2<br />
The Vice Director of<br />
the National People's<br />
C o n g r e s s ( N P C )<br />
Committee, Gu Xiulian,<br />
accompanied by the<br />
CPC Deputy Secretary of<br />
Jiangsu Province, Zhang<br />
Lianzhen, Vice Director<br />
of Jiangsu Provincial<br />
NPC, Bai Suning, the<br />
C P C S e c r e t a r y o f<br />
Nantong City, Luo Yimin,<br />
Nantong Mayor Ding<br />
Dawei, and President of<br />
ChemChina, Ren Jianxin,<br />
made survey tour of<br />
the construction site at<br />
BlueStar (Nantong) New<br />
Chemical Materials Base.<br />
Oct. 11<br />
ChemChina held a special meeting<br />
to advocate the principles of the<br />
Central Enterprise Intellectual<br />
Property Right (IPR) Conference,<br />
and deployed the IPR works of the<br />
company.<br />
The State Administration for<br />
Industry and Commerce listed the<br />
Crane TM of Southwest China Haohua<br />
Chemical Co., Ltd. as a Well-Known<br />
Brand in China.<br />
Oct. 15<br />
The Seventeenth National Congress<br />
of the Communist Party of China<br />
opened. ChemChina President Ren<br />
Jianxin attended as a national<br />
delegate.<br />
Oct. 22<br />
The CPC Committee of ChemChina<br />
held a meeting for party members in<br />
Beijing. Ren Jianxin, the President<br />
of ChemChina and ChemChina's<br />
delegate to the 17 th<br />
CPC National<br />
Congress, briefed the audience on<br />
the substance of the congress, and<br />
laid out plans in accordance with the<br />
latest directives.<br />
ChemChina held its Enterprise IT<br />
Solutions Meeting to kick off several<br />
pilot projects in BlueStar, involving<br />
financial transformation, continuous<br />
transformation, data transformation<br />
and ERP projects, etc.<br />
Oct. 23<br />
The President of ChemChina, Ren<br />
Jianxin, met with Zhou Qiang,<br />
Governor of Hunan Province.<br />
www.chemchina.com.cn<br />
Oct. 15<br />
China National Advanced Chemical Materials Corporation<br />
(ACM Corporation) and the Japanese Mitsui & Co., Ltd.<br />
signed a CDM (Clean Development Mechanism) contract for<br />
nitrous oxide gas emissions purchase. It is expected that by<br />
2012, Heilongjiang Heihua Group Co., Ltd. (a subsidiary of<br />
ACM Corporation) can eliminate gas emissions equivalent<br />
to 900,000 tons of carbon dioxide. (Left)<br />
February 2008<br />
6
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
Oct. 24<br />
www.chemchina.com.cn<br />
The President of ChemChina, Ren<br />
Jianxin, was invited to witness the<br />
launch of China's first lunar orbiter<br />
"Chang'e-I" in Xichang Satellite<br />
Launch Center. Mr. Ren exchanged<br />
ideas with relevant officials and<br />
attended celebrations together with<br />
top State leaders.<br />
Oct. 25<br />
Provisional Methods of ChemChina on<br />
Safety Assessment Management was<br />
issued, and its implementation<br />
began.<br />
Oct. 27<br />
The Release Conference of the 7 th<br />
Ranking of China's Largest Group<br />
Corporations and the 2 nd<br />
Ranking<br />
of China's 500 Most Competitive<br />
Enterprises was held in the Great<br />
Hall of the People in Beijing.<br />
According to the National Bureau<br />
of Statistics of China (NBSC), in<br />
2006, ChemChina was listed 35 th<br />
among China's top 500 largest group<br />
corporations and China's 100 leading<br />
group corporations; and 11 th among<br />
the Central SOEs (State-owned<br />
Enterprises) based on composite<br />
index. Within the chemical industry,<br />
ChemChina ranked first.<br />
Nov. 2<br />
Provisional Methods of ChemChina for<br />
Comprehensive Budget Management<br />
was issued, and implementation was<br />
started.<br />
Nov. 15<br />
Nov. 8<br />
China's largest intermeshing GE580<br />
Banbury mixer, developed and<br />
manufactured by Hunan Yiyang<br />
Rubber & Plastics Machinery Group<br />
Co., Ltd., passed acceptance testing.<br />
Nov. 7<br />
ChemChina President<br />
Ren Jianxin, invited<br />
b y t h e l e a d i n g<br />
American periodical<br />
,<br />
a t t e n d e d t h e<br />
p u b l i c a t i o n ' s 1 1 t h<br />
Annual CEO Forum,<br />
which was held in<br />
Beijing. In the forum,<br />
Mr. Ren met with Mr.<br />
Tony Blair, the former<br />
Prime Minister of the<br />
United Kingdom.<br />
B u s i n e s s W e e k<br />
T i a n j i n M a y o r D a i<br />
X i a n g l o n g , a n d<br />
ChemChina President<br />
Ren Jianxin laid the<br />
foundation stone at the<br />
formal groundbreaking<br />
of the BlueStar Tianjin<br />
Lingang New Chemical<br />
Material Base.<br />
A f t e r t h e<br />
g r o u n d b r e a k i n g<br />
c e r e m o n y o f t h e<br />
BlueStar Tianjin Lingang<br />
New Chemical Material Base, Zhang Gaoli, a member of the CPC Political Bureau<br />
and the Secretary of the Tianjin CPC Committee, arranged a meeting with the<br />
President of ChemChina, Ren Jianxin. Mr. Zhang expressed his support as well as<br />
thanks to ChemChina for building its largest advanced chemical material base<br />
in Tianjin Lingang Industrial Area (TLIA). He expressed hope that the Tianjin<br />
government will make every effort to help construction progress as scheduled.<br />
The Drying Technology and Equipment Engineering Technology Research Center,<br />
sponsored by Tianhua Institute of Chemical Machinery & Automation, won<br />
the approval of the Ministry of Science and Technology to become a National<br />
Engineering and Technology Center.<br />
February 2008<br />
7
ISSUE 5 CHRONICLE OF 2007<br />
Chronicle of ChemChina in 2007<br />
Nov. 22<br />
C h e m C h i n a p u t f o r w a r d a<br />
management idea of "zero discharge"<br />
as a strategic measure to intensify<br />
energy conservation and emission<br />
reduction in accordance with the<br />
Scientific Development Concept,<br />
striving to build a resource-saving<br />
a n d e n v i r o n m e n t a l l y f r i e n d l y<br />
enterprise.<br />
The Director General of the State<br />
Administration of Work Safety, Li<br />
Yizhong made survey tour of Harbin<br />
Petrochemical Co., Ltd. After hearing<br />
a report on production safety, he<br />
affirmed Harbin Petrochemical's<br />
achievements and encouraged the<br />
company to further strengthen its<br />
management of safety and worker<br />
health.<br />
Nov. 30<br />
A large meeting about ChemChina's<br />
preparation for the company's 2007<br />
final accounting and for training<br />
related to the new accounting<br />
standard was held in Beijing.<br />
ChemChina President Ren Jianxin<br />
addressed the meeting.<br />
Harbin Petrochemical Co., Ltd.<br />
successfully completed its 20,000 t/a<br />
maleic anhydride (MA) technology<br />
improvement project. The new unit<br />
came on stream.<br />
Haohua Yuhang Chemical Co., Ltd.<br />
put its 200,000 t/a PVC unit and<br />
200,000 t/a ion-exchange membrane<br />
caustic soda unit on stream.<br />
Zhenghe Petrochemical Co., Ltd.'s<br />
120,000 t/a acrylic acid and ester<br />
project (phase I) was completed and<br />
commissioned.<br />
Dec. 22<br />
The 36.00R51 giant all-steel radial<br />
engineering tires that were selfdeveloped<br />
by Haohua South China<br />
(Guilin) Rubber Co., Ltd. and<br />
listed in the State Science and<br />
Technology Supporting Program,<br />
were successfully manufactured.<br />
The products incorporated several<br />
patented technologies and other<br />
IPRs, unprecedented in this field<br />
domestically.<br />
Xinjiang Zhongtai Chemical Co.,<br />
Ltd. launched its 120,000 t/a PVC<br />
unit and its 100,000 t/a ion-exchange<br />
membrane caustic soda unit.<br />
The reconstruction and upgrading<br />
of the soda ash unit of Xinjiang<br />
Chemical Group Co., Ltd. was<br />
completed successfully and this new<br />
200,000 t/a unit went on stream.<br />
www.chemchina.com.cn<br />
Nov. 28<br />
The President of ChemChina, Ren<br />
Jianxin, was invited by Peking<br />
University to give a special speech<br />
in the main meeting hall of the<br />
university. Mr. Ren's talk, "The Three-<br />
Word Principles of ChemChina's<br />
Overseas Acquisition," was ardently<br />
welcomed by students and attracted<br />
attention from the media and from<br />
scholars. (Above)<br />
Dec. 10<br />
Provisional Methods of ChemChina on<br />
Assets Management was issued, and<br />
implementation began.<br />
Dec. 19<br />
ChemChina decided to make China<br />
BlueStar Petrochemical Corporation<br />
its directly managed subsidiary.<br />
Dec. 29<br />
The annual meeting of ChemChina<br />
was held in Beijing. President Ren<br />
Jianxin gave a keynote speech about<br />
advancing the pace and quality<br />
of growth. In his speech, Mr. Ren<br />
reviewed the development of the<br />
three year old ChemChina and the<br />
achievements of 2007. He also<br />
outlined what should be done in<br />
2008. At the conclusion, the CPC<br />
Committee Secretary of ChemChina,<br />
D u G u o s h e n g s u m m a r i z e d t h e<br />
meeting. (Above)<br />
February 2008<br />
8