Introduction

Mudanjiang Petroleum Chemical (Group) Co. Ltd. was ranked No.1 in the chemical industry in Heilongjiang Province. Its tax and profits are the main source of income of the Mudanjiang city.

The company features coal chemical, petroleum chemical, refinery chemical and the advanced stage of processing. Eighty percent of its technology and equipment takes the lead in the line of same kinds in China. Part of the technology and equipment has reached the advanced level in the world. The coal chemicals are highly competitive in the domestic and world markets. The sale volume of oxalic acid was No.1 in Asia and occupied 40 percent of the total of the world. The company is an important base of the calcium carbide in 1995. The 89 kinds of products in the company sell very good in all over China among which 13 kinds are exported to US, Japan, Russia and Hong Kong. The annual export revenue is up to 10 million US dollars.

The company has a workforce of 6500 among which 1414 are the management personnel and 968 are the technicians.

The company will launch 18 important projects for the development during the Ninth Five-year Plan. In 2000, its sale volume will be 2.4 billion RMB yuan, tax and profits will be 500 million yuan and the profits will be 300 million yuan. The company will offer its stockholders the outstanding economic results and forge ahead in the international markets with its powerful economic strength.