ChemChina is the biggest fundamental compound manufacturing company in China. The end of year total assets reached an approximately 254.2 billion yuan. The important products of ChemChina are basic compounds, new chemical substances, petroleum processing & refining products, agrochemicals, rubber goods, and chemical gear. The business has 106 subordinate businesses. Its creation and R&D bases are located in 140 countries and regions all over the world. Looking retrospectively, ChemChina has been a rapidly growing business and is one of a small number of Chinese businesses established subsequent to the economic restructuring and speedily growing to enter the Fortune Global 500 in 20 years. The progress history of ChemChina from nothing to a world giant along with its tactical measures taken during the process are both defined by the unique characteristics of itself and intensely stamped with those of the era, shimmering the continuously changing atmosphere faced by the Chinese businesses in the economic transition years and the tactical movements taken creatively by the Chinese local businesses to adapt to the surroundings.
Unquestionably, ChemChina is a representative of "huge but less strong" firms, lagging far behind the world leading chemical giants in terms of technology and direction. However, a leading compound enterprise in China in less than 30 years plus its historical development to become a Fortune Global 500 giant is enough to motivate us to analyze future, present reality and its unique history. Now, ChemChina faces the jobs of coping and internal integration with monetary stringency. New opportunities exist, particularly as Blackstone has became a strategic partner of BlueStar.
PUBLICATION DATE: November 08, 2012 PRODUCT #: TU0028-PDF-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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