Fifteen companies are new faces on the list of China's top 100 fine chemical companies

by Jessica Jackson on Nov 20, 2020 Finance 635 Views

As a technology-intensive industry, fine chemical industry can reflect the level of chemical industry development and scientific and technological level of a country or region, and has become one of the important development directions of China's chemical industry.Recently, the China Chemical Industry Information And Information Association and the National Fine Chemical Raw Materials and Intermediates Industry Cooperation Group have released the 2019 Top 100 List of China's fine Chemical Industry. The following changes are noteworthy.

Comparing the 2018 and 2019 lists, 15 chemical companies, including Shandong Nuol Biotechnology Co., LTD., Chongqing Purple Light Chemical Co., LTD., And Rianlon Corporation, have entered the 2019 list, becoming new faces on the list of China's top 100 fine Chemicals companies.In particular, Shandong Nuoer Biotechnology Co., Ltd. successfully entered the top 50 for the first time, ranking no. 43 on the list.

There will be new enterprises, there will be failed enterprises.By comparison, 15 companies, including Kangde Xin Composite Material Group Co.,Ltd., Jiangsu Yabang Dye Co., and Henan Qingan Chemical Technology Co., have dropped out of the top 100 in 2019.Some of these 15 enterprises do not participate in the evaluation for various reasons;Some have problems in their own operations, including declining profitability, business transformation, etc.Some because financial data is false or get safety environmental protection to wait for punishment to be cancelled to participate in qualification.

A close comparison also shows that 52 chemical companies have improved their ranking in 2019 compared with 2018.For example, Shi Yao Group Co., Ltd. was pushed into the top three from the fourth place, ranking the third;Oak Holdings Jumped from no. 33 to No. 22, making it the most improved company on the list.In addition, Zhejiang Yangfan New Materials Co. Ltd. climbed from 79 in 2018 to 73 in 2019, Liansheng Chemical Group Co. Ltd. climbed from 84 to 77, and Hebei Jianxin Chemical Co., Ltd., from 100 to 96, are all companies that have risen fast on the list.

The rankings of 19 companies are down from 2018.CNNC Hua Yuan Titanium Co., Ltd. fell to 41 from 34, while Hebei Arno Biotechnology Co., Ltd. fell to 82 from 77.
As the leading enterprises in the fine chemical industry, the position of the top 10 chemical enterprises in the list has hardly changed. Only Shi Yao Group Co., Ltd. and Beijing Yingtaijia Biotechnology Co., Ltd. have exchanged the third and fourth positions in 2019, while Zhejiang Longsheng Group Co., Ltd. remains the first in the industry.First, Zhejiang Longsheng acquired global dye giant Dystar, identifying its technological and raw material advantages.Since then, the company has continued to increase investment in environmental protection facilities, gained the first opportunity, continued to rise in performance, and steadily occupied the top position in the industry.Also, it should be noted that Linc Sanonda Co.,Ltd, who ranked ninth in 2018, changed its name to Andomai in December last year, still ranked ninth in 2019.

Article source: https://article-realm.com/article/Finance/8543-Fifteen-companies-are-new-faces-on-the-list-of-Chinas-top-100-fine-chemical-companies.html

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