Wuyuan Chemical (Group) Co., Ltd. was incorporated in the Cayman Islands in 2002, was listed on the GEM of the Hong Kong Stock Exchange on July 10, 2003, and was successfully transferred from GEM to the Main Board on August 25, 2008. Currently, IFC is a strategic shareholder of the company. The group has six wholly-owned subsidiaries in mainland China, namely Sichuan Wuyuan Agricultural Materials Chemical Co., Ltd., Chengdu Wuyuan Chemical Co., Ltd., Chengdu Wuyuan Compound Fertilizer Co., Ltd., Dazhou Wuyuan Chemical Co., Ltd., and Qingdao Wuyuan Chemical Co., Ltd. The company and Sichuan Chengyuan Chemical Co., Ltd. have total assets of more than 3.3 billion yuan. Principally engaged in the production, research, development, promotion and distribution of chemical and fertilizer products.
The group follows the business strategy of “taking Sichuan as a domestic base, taking basic chemical and fertilizer industries as the industrial base, relying on two advancements in science and technology, and facing the international and domestic markets to continuously expand the comprehensive strength and market competitiveness of the company”. After ten years of development, the current chemical industry has begun to take shape and extended to the high-end technology field. From the traditional fertilizer and chemical product manufacturing industry, it has grown into a new enterprise capable of developing and producing new technology products and serving ecological agriculture. The company has acquired a phosphate mine in Sichuan Province (with a reserve of 117 million tons) to extend the product chain to the upstream of the industry. At the same time, it has used the abundant natural gas resources to build a new ammonia and urea plant expansion project in the Chemical Industry Park of Dazhou, Sichuan.
On August 17, 2010, the Wuyuan Group Dazhou project with an annual output of 400,000 tons of synthetic ammonia and 450,000 tons of urea was formally put into operation. With the commencement of the project, the Group's product chain will further expand downstream, laying a solid foundation for the Group to achieve leapfrog development. The second phase of the Dazhou project: 300,000 tons of urea and 40,000 tons of melamine are also in full preparation.
Excellent product quality and service have continuously increased the popularity of the Group's products, and its marketing network covers all provinces, municipalities and autonomous regions in the country. In 2005, it successfully opened up foreign markets to Southeast Asian countries.
In the course of stable operation and development, the company has assumed due social responsibility, paid attention to the relationship between the company and the environment and society, and paid back to the society.