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During
the period of establishing factory
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The factory was established in 1940 with an
original name of "Army Fuel No 2 Manufacturing
Factory". Products manufactured at that time included:goudron
oil, lubricant, absolute alcohol etc.. Japanese army
had destroyed technical material and equipment before
they withdrew.
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In March of 1945, due to the reorganization of
the Japanese Army Fuel Headquarters, the factory was
renamed as "Army Fuel No.2 Factory"; In June
of the same year, the factory was grouped under Siping
Fuel Factory and renamed as " Jinxi Manufacture
Institute of Siping Fuel Factory".
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On 15 August 1945, Japan announced its unconditional
surrender. Factory was taken over by specials in Northeast
District of Kuomintang Government and its name is "Economic
Department Jinxi Refinery Factory". In June, Kuomintang
government renamed it as "Northeast Refinery Factory".
At the end of December, factory was taken over by industrial
department of Northeast government Factory and was named
as "Jinxi Refinery Factory".
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| In 1958, De Xiaoping inspected
JHCC |
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Factory was rebuilt as chemical factory in 1949,
product project at that time included:caustic soda,
bleaching powder, phenol, hydrochloric acid etc..
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On Jan.29,1950, "Jinxi Refinery Factory
was renamed as "Jinxi Chemical Factory"(short
form is Jinhua).
Period of establishing
national chemical industry base
JHCC is the earliest chemical experimental base for
the production in China. Sixteen kinds of chemical products
such as caustic soda, PVC, chlorobenzene, nylon, phenol
and methyl ethyl methacrylate etc. were first successfully
experienced and industrial achievement have been achieved
here in JHCC and then spread all over the country for
large-scale industrialized production. It has transported
about 5000 technical workers, 200 corporation-level
and division-level cadres to the newly built enterprises.
There are six vice minister-level above cadres have
everworked and lived in JHCC and it also helped some
countries in southeast to construct a chlor-alkali enterprise.
As a mother enterprise, six state-owned large and medium-sized
enterprises and institution units here ever been separated
from JHCC. For its splendid history, JHCC has won the
honor of "cradle of China's chemical industry".
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| In 1959, Zhude inspected Jinhua |
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In May of 1960, Chemical department decided to
combine Jinxi chemical factory and Jinxi machine works
to establish " Jinxi Chemical Industry Company".
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On 1 June 1965, Jinxi Chemical Industrial Company
was dissolved. Its chemical machinery factory was made
independent and it became Jinxi Chemical Machinery Factory.
The engineering company was relocated to Yinchuan and
became The No.10 Chemical Engineering Company of the
Chemical Department. A research and development institute
was established and was named Jinxi Chemical Research
Institute
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In September of 1982,factory was renamed as "Jinxi
Chemical Parent Factory" with some branch factories.
Construction
of corporate system
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| In 1959, Dong Biwu inspected JHCC |
In August of 1994 and February of 1995 , Jinhua was
listed as the trial unit for establishing modern enterprise
system. Company fixed regulations of 《Jinhua modern
enterprise system trial unit executive plan 》and its
supporting rule《Parent and sub-company office procedure》,
《Financial managerial system》, 《Labor, personnel, wage
system executive plan》, 《State property executive method》
etc.. On November 26, Jinhua Chemical (Group) Corporation
was registered.
Transformation
in line with stock system
JHCC reconstructed itself into a company limited by
shares. It used all the the assets of the four main
factories together with part of the interests in the
controlling and participating companies to establish
JinHua Joint Stock Company. From 3 to 10 of July 1999,
the shares of "Jinhua Chlor-alkali"(81million
shares) were promoted by three banks in Huludao city.
The issue price was RMB 6.1 per share and total proceeds
from the issue amounted to RMB 550 Million. The proceeds
were used to purchase equipment for the annual production
of 80,000 tons of ion film caustic soda and 120,000
tons of caustic soda supporting project. In September,
JinHua Chlor-alkali Company Limited was formed and registered
and on 11 October shares were listed in Shenzhen Stock
Exchange.
Joint venture
& cooperation
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In 1997, Huludao Jinhui Petrochemical Storage
and Transportation Co.Ltd. was invested together by
JHCC, Winsway Corporation of Macao, Marubeni corporation
of Japan, Wanhong(China).
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In 1999, Huludao Jinhua PVC Co.,Ltd. and Huludao
Jinhua chloroethylene Co.,Ltd. were established with
the joint venture of JinHua and Hongkong Zhongliao Co.,Ltd..
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In 2000, Jinfeng Ethylene Co.,Ltd. was jointly
invested by Laos Southeast Asia, Liaoning and Fengfang
Real Estate Co.,Ltd..
Conversion
of enterprise
Since July of 1984, JHCC has fixed factory tenet of
"developing present products to pursue survival,
developing new products to pursue development".
Our country expects the old enterprises to follow the
spirit of a focused and step by step approach towards
reform. The factory firmly grabbed the opportunity of
the "seventh-five-year-plan" and has then
materalized such reform and reorganization. The State
Department has approved the whole "seventh-five-year-plan"
of JHCC on 24 February 1986. Sine then, the factory
has started a large scale technological reform, expanded
and readjusted the products profile. After the reconstruction
plans in "seventh-five-year-plan" and "ninthe-five-year-plan",
the factory has gradually developed itself to produce
caustic soda, PVC, polyether as its leading products.
JHCC became a large chemical conglomerate with a full
range of products. Products during this period are::caustic
soda, phenol, phenylphenol, compound hydrochloric acid,
byproduct hydrochloric acid, liquid chlorine , PVC,
dichloroethane , organic glass, chlorohydrin, perchloroethylene,
aminocaprolactam (polyamide fibre), anone, cyclohexan,
trichlorethylene , perchlorethylene etc.. Among these
yearly capacity of caustic soda has reached 290 thousand
ton per year, PVC has reached 130 thousand ton per year,
polyether has reached 110 thousand ton per year, epihydrin
has reached 130 thousand ton per year. Since 1993, according
to the ISO9002 quality assurance pattern,《Quality assurance
handbook》and 《program file》have been regulated. 13 products
adopted international standard. 14 products have been
chosen as excellent products in the country, province
and department. In December of 1995, "Dongfanghong"
brand caustic soda, PVC, cyclohexanone have already
been listed into "Chinese famous brand commodity
library". In January of 1999, quality assurance
system of caustic soda, PVC, chlorylene, epihydrin,
polyether, cyclohexanone, phenic acid has won ISO9002
international quality authentication certificate.
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