On January 15, 2016, the Chinese chemical industry through its successful completion of the Swiss chemical industry of oil and gas companies in China the kerui energy trading company strategic investment. The cory is one of the world's largest independent integration of energy and commodities trading company, one of by the investment, China's chemical industry will become one of the important minority shareholders "kori energy, stake of 12%.
Diversified portfolio of this investment for the China chemical add bright spots, makes China's chemical industry continued to deepen its fine chemical materials and special chemicals, basic chemical, oil processing, tire and rubber products, agrochemical, and chemical equipment and so on six big existing business sector at the same time, to be able to further extend the product chain. For mo kerui energy, the company since had been established, rooted in the Chinese market is an important energy and commodity in the Chinese market, the strategic investment will further deepen the kerui energy business in China.
China national chemical and kori energy on the knowledge and skills of specific target markets exist complementary advantages. Two companies in strategy, organization structure, management and corporate culture combination can make the two companies in the international arena to realize win-win.
"China chemical industry of our investments are on the kerui energy business model and growth potential," the kerui energy executive Marco Dunand Mr Mentioned, "China's chemical industry has a profound experience and international platform. Combined with the division of professional experience, will further boost our development."
"By the kerui energy such a rapid growth in the past 10 years the company's investment, China chemical industry further do deep in the field of energy industry chain," says Mr Jian-xin ren, chairman of China's chemical industry. Chairman added, "kori future both in China and the rest of the world market has a broad space for growth. We are very respect and trust of the existing this excellent management team. We are looking forward to the kerui energy management and staff to promote the strategic cooperation hand in hand."
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
The cory is one of the world's largest independent integration of energy and commodities trade one of the group. Group focused on energy and commodities the whole industry chain layout, business activities including commodity trading and relevant strategic assets investment, annual sales of more than $100 billion. In 2014, the group successfully completed for jp Morgan chase bank physical trade business acquisitions. Group, the existing staff of more than 1000 people, in more than 50 countries and regions, the extensive business network and elite talent bring mo kerui energy for deep understanding and experience of the industry. The kerui energy industry expertise involved in all aspects of the energy industry, and related industry and other energy saving and emission reduction of the carbon market, and even extends to the iron ore, dry bulk and shipping, base metals and chemicals, etc. "Kori also has trade related infrastructure, such as crude oil and refined oil tank farm and terminals, and related commodities upstream assets.
China's chemical industry in China in 2004, established on the basis of the former chemical ministry, based in Beijing. China chemical industry is China's largest chemical companies, its production, r&d and sales staff more than 150 countries and regions throughout the world. China national chemical fortune 500 ranked 265th, ranked ninth in the world chemical industry enterprises. China chemical industry had already successfully acquired French, British, Israel, Italy and other countries the nine industry leading enterprises, including the 2015 to 7.1 billion euros for the world's leading tire manufacturer pirelli and has just announced in January 2016, 1 billion euros for well-known German plastics and rubber processing machinery equipment manufacturers, Klaus murphy. China chemical industry of oil and gas company is a subsidiary of China national chemical) is responsible for the oil refining and trading subsidiary. With refining capacity of 25 million tons/year, overseas places such as Singapore, London and dubai has trade platform. Morgan Stanley is the transaction the buyer consultant.
