Sinochem International stated that the profit in the first half of the year was mainly derived from the core chemical business and achieved a year-on-year increase of 163.32%.
In the first half of 2017, the price of natural rubber fluctuated sharply. The company's natural rubber business was progressing in an orderly manner around the integration of the new business platform and achieved significant results. At the same time, it benefited from the gradual advancement of its own brand building and the in-depth work of reducing costs and increasing efficiency. Implementation, effective use of futures hedging tools, and overall performance turned losses into profits.
The chemical intermediates business grasped the market rhythm and leveraged the synergistic advantages of the chlorine-consuming industry chain. The epichlorohydrin and caustic soda businesses achieved a profit growth of 20%.
The pesticide business actively seized market opportunities, strengthened collaboration with multinational companies, and at the same time created the 9625 product to go on the market, and established a project-based innovation mechanism integrating research, production and marketing, and sales of new products greatly exceeded expectations.