Sinochem International seeing effects in strategic transition

Recently, the journalist learned from the 2003 Sinochem International investors talkfest, the three major trade and distribution businesses of the company has achieved rapid progress and is stepping onto the road of sound development.

According to the introduction from relevant directors of projects, the investments made by the company in Jiangsu and Zhejiang Province are going smoothly, which together with the planned stage construction of Shanxi Huanda Metallurgical Coal and R124a in Xian Jinzhu, will provide the company with new source of profits growth and lay a firm foundation for the development of the company in the long run. The PTMEG project, started in this May in Taicang and still undergoing construction, has had all its products sold out in advance booking. Yuhang R&D center has successfully developed the latest technology for ABS as a special material and has taken out a patent on it. The third phase of storage and shipment project in Zhoushan Xingyuan has been finished and put into operation, which goes normal at present. Moreover, the company has recently signed the agreement on principles of strategic cooperation with Suzhou Municipal Government.

The smooth carrying of all those projects signifies a significant step Sinochem International has took in the implementation of strategic transition.

From:2003-10-17 Shanghai Security New