By leveraging its strength in international operations, Sinochem Holdings Corporation Ltd. (Sinochem Holdings) has always been committed to cooperation, introducing high-quality products and advanced technologies, and sharing China's opportunities with global enterprises.
The Chinese multinational inked cooperation agreements with a total purchasing amount exceeding $11 billion with over 50 partners from more than 10 countries and regions, including Saudi Arabia, Kuwait, Japan, Singapore, the United Arab Emirates, and Malaysia, during the 5th China International Import Expo (CIIE) that kicked off at the National Exhibition and Convention Center (Shanghai) on Nov. 5 as scheduled.
Meanwhile, four of Sinochem Holdings' overseas subsidiaries, including Syngenta Group from Switzerland, Adisseo from France, Elkem from Norway, and KraussMaffei from Germany, participated in the 5th CIIE, bringing world-leading innovative products, technologies and solutions in the fields of seed, digital agriculture, animal nutrition, new materials, and intelligent equipment to the Chinese market and consumers. These subsidiaries signed multiple supply contracts with their Chinese partners, with the total sales volume surpassing $1.6 billion.
Sinochem Holdings helped stabilize the industrial and supply chains by signing agreements at the 5th CIIE.
It reached cooperation agreements with leading international energy and chemical enterprises, including Saudi Arabian Oil Company, Kuwait Petroleum Corporation, Vitol Asia Pte Ltd, Mitsui & Co Energy Trading Singapore Pte, Glencore Singapore Pte. Limited, ADNOC, PCM (CHINA) Co., Ltd., and Kao Trading Corporation Shanghai at this year's expo, and purchased energy products and chemicals such as high-quality crude oil, coal, and methanol.
Sinochem Holdings' overseas subsidiaries actively participated at the 5th CIIE, tapping into the Chinese market while helping transform and upgrade industries.
Syngenta Group set up its booth at an exhibition area featuring the crop seed industry, which was featured for the first time at this year's expo, showcasing its innovative achievements in the seed industry, its unique Modern Agriculture Platform (MAP) and digital agriculture business, and its models in the global agricultural value chain.
Adisseo, a leading company in animal nutrition, displayed products and solutions that can improve animal nutrition and health, including liquid and powder methionine products and special additives at this year's CIIE.
Elkem, a martial company committed to technological innovation with a history of more than 70 years, showcased its innovative technologies and low-carbon and sustainable solutions in fields such as healthcare, construction, home products, automobiles, energy and 3D at the consumer goods exhibition area of the 5th CIIE.
KraussMaffei, one of the world's leading manufacturers of machines and systems for producing and processing plastics and rubber, exhibited a new foam extrusion line, which can facilitate manufacturing in relevant fields. It also showcased its EdelweissCompounding technology, which is applied to the whole industry chain of plastic recycling and remanufacturing, turning waste plastics into new raw materials.
Sinochem Holdings has participated in the CIIE for the fifth straight year, sharing China's opportunities with the rest of the world.
Over the past five years, Sinochem Holdings has made many breakthroughs in the purchasing value and scope, partners, and fields of cooperation, and has purchased more and more digital, green and low-carbon products.
At the 5th CIIE, Sinochem Holdings signed agreements with nearly ten international energy companies on a variety of energy products and chemicals, including crude oil, refined oil, and liquefied natural gas. At the 1st CIIE, the company only signed crude oil agreements with two global oil companies.
In the field of chemicals, Sinochem Holdings has forged long-term stable cooperative relationships with large multinational enterprises. For example, the scope of cooperation between Sinochem Lantian Co., Ltd., a subsidiary of Sinochem Holdings, and Honeywell has expanded from the purchase of raw materials to the establishment of a new material joint venture, creating more synergy value.