ChemChina focuses on sustainable growth

For Ren Jianxin, chairman of the China National Chemical Corporation (ChemChina), one focus of his work this year is to further boost the company's business on new materials and specialty chemical products.

Last year ChemChina started the construction of its Tianjin new materials manufacturing base. The project, with an investment of 24.5 billion yuan, is expected to come on stream in 2011.

Once in operation, the base can generate annual sales of around 30 billion yuan. The project will greatly increase ChemChina's competence in the new materials and specialty chemical products area.