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MOF Delegation Visits ELIX Polymers

2019-11-17

On November 16-17, Huang Binghua, Deputy Director of the Asset Management Department of Chinese Ministry of Finance (MOF), led a delegation to Spain for a meeting with representatives of Chinese-funded enterprises and a field research at ELIX Polymers S.L, a member enterprise of Sinochem International.

Chief Accountant of Sinochem Group Yang Lin, and General Manager of Sinochem International Liu Hongsheng joined the research group.

The MOF delegation visited ELIX's production lines related to the supply of raw materials, polymerization and modification processes, material performance testing and color R&D, etc. The delegation discuss with the factory leaders to have a thorough understanding of the local operations and management. Relevant persons from ELIX also gave a report regarding the company’s team structure, product mix, market positioning & strategy, and oth general informations of Elix.

Huang Binghua acknowledged that ELIX owns modern production technology and an advanced management mode, and suggested that Chinese enterprises should learn from ELIX's world-class management philosophy and experience, to maintain and add value to Chinese state-owned assets.

Yang Lin said that Sinochem encourages its Strategic Business Units (SBU) to expand and strengthen their business through key M&A, and hopes that the SBU of Chemicals could tap into its own resources and channel advantages, as well as ELIX’s premium brand and technology, to continuously improve ELIX's capacity utilization, and rapidly expand the market share of special ABS worldwide.

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