- CEO
- Ze Sheng Sun
- Full Time Employees
- 1,484
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- No. 55, Shen Xi San East Road Shenyang LN China 110143
- IPO Date
- Feb 20, 1997
- Business
- Shenyang Chemical Industry Co., Ltd. (000698.SZ) manufactures and markets chlor-alkali chemicals, petrochemicals, and new chemical materials primarily in China. The company produces chlorine and alkali chemicals such as diaphragm and membrane process sodium hydroxide, sodium hypochlorite, industrial liquid chlorine, and industrial synthetic hydrochloric acid; petrochemical products including liquefied petroleum gas, toluene, mixed C4 colorless gas, mixed benzol, industrial propylene, industrial 1-butylene, benzene, and heavy liquid paraffin; and new chemical materials comprising paste polyvinyl chloride resin, vinyl chloride-vinyl acetate copolymer paste resin, polyether polyols, propylene oxide, methyl tertiary butyl ether, polyethylene resin, acrylic acid and esters, and fumed silica, marketed under brands including Star Tower, New Sun, and GBillow. Founded in 1938 as Shenyang Chemical Plant and listed on the Shenzhen Stock Exchange in 1997, Shenyang Chemical Industry Co., Ltd. is headquartered at No. 55, Shenxi Sandong Road, Shenyang Economic and Technological Development Zone, Liaoning Province, China, and operates as a subsidiary of Sinochem Holdings Corporation Ltd., a state-owned enterprise, with key subsidiaries such as Shandong Bluestar Dongda Co., Ltd. and Shenyang Paraffin Chemical Co., Ltd. Its products serve industries including metallurgy, light industry, textiles, medical care, automobiles, electronics, agriculture, and construction. In recent developments, the company agreed in late 2024 to acquire the remaining 0.67% stake in Sinochem Dongda Co., Ltd. from Zibo Dongda Chemical Co., Ltd. for approximately CNY 10.9 million to achieve 100% ownership and consolidate polyether polyol operations; its subsidiary Sinochem Dongda's 240,000 tons per year polyether polyol project in Quanzhou successfully completed handover in late 2024 and entered trial production in early 2025, boosting total capacity to 640,000 tons per year; and subsidiary Shenyang Paraffin Chemical Co., Ltd. entered bankruptcy proceedings in 2024, resulting in loss of control.