ChemChina

ChemChina Overview

China National Chemical Corporation (ChemChina) is a state-owned enterprise established by the reorganization of subsidiary companies and is ranked 265th on the Fortune Global 500. ChemChina is China's largest chemical company. ChemChina's main business is made up of six sectors: advanced chemical materials and specialty chemicals, basic chemicals, oil processing, agrochemicals, tire and rubber products, and chemical equipment. ADAMA Agricultural Solutions Ltd (formerly Makhteshim-Agan), an Israeli manufacturer and distributor of branded off-patent crop protection products, was acquired by a subsidiary of ChemChina in 2011. ADAMA continues to operate as a subsidiary, offering solutions to farms forcontrolling weeds, insects, and diseases. In 2021, ChemChina was acquired and merged into Sinochem Holdings Corporation Ltd and ceased to operate as standalone company transferring all its assets.

Latest News

Sep 5, 2018 · www.bloomberg.com

growth-positive

https://www.bloomberg.com/news/articles/2018-09-05/chemchina-is-said-to-mull-asset-sales-as-megamerger-moves-ahead

ChemChinas chairman is studying potential asset sales as the company prepares for a megamerger with Sinochem Group. The chairman is reviewing the businesses of ChemChina and Sinochem to identify areas of overlap and potential synergies. Divestitures or initial public offerings of some units are being considered.

AcquisitionManagement ChangesPublic Trading

Sep 13, 2016 · www.reuters.com

growth-positive

ChemChina seals combination of Israel's Adama with Sanonda

ChemChina is selling Adama Agricultural Solutions to Hubei Sanonda for $2.8 billion, paving the way for completing a previously announced combination of the two businesses and listing it on the stock market. The deal values Adama at $5 billion including $1 billion in debt. The reverse merger allows Adama to be listed on the Shenzhen Stock Exchange and gain a foothold in China. Adamas CEO believes they can grow in China faster than in the rest of the world. ChemChina is also finalizing a $43 billion takeover of Syngenta AG.

AcquisitionPublic Trading

Oct 17, 2011 · www.jpost.com

growth-positive

http://www.jpost.com/Business/Business-News/Makhteshim-Agan-ChemChina-complete-record-24b-merger

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Golan/Negev, Hevel Modi'in Regional Council, Israel

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