Zhang Zenggen Met Wu Haijun, General Manager of Shanghai SECCO

On Jan. 28, led by Wu Haijun, the General Manager, the delegation of Shanghai SECCO Petrochemical Co., Ltd visited Sinochem International. Zhang Zenggen, General Manager of Sinochem International, met the guests. Zhang Xuegong and Gu Linmin, Vice General Managers of Sinochem International attended the meeting.

The hosts and guests looked back on their cooperation over the past few years and discussed the plan of strengthening the cooperation in depth. With close cooperation in such fields as chemicals shipping and styrene business, Sinochem International and Shanghai SECCO have established a long-term and stable strategic cooperation partnership.

With the total investment of 2.7 billion USD and as one of the largest domestic Sino-foreign jointly funded petrochemical projects, Shanghai SECCO Petrochemical Co., Ltd. was founded by Sinopec Group, Sinopec Shanghai Petrochemical Company Limited and BP Chemicals East China Investments Limited with the proportion of 30%, 20% and 50% respectively. In 2010, with the after-tax profits of RMB 2.7 billion Yuan, Shanghai SECCO achieved its best profitability in history.