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Sinochem Held 2004 Working Conference

Date:2004-02-05 Source:Sinochem Group
Sinochem Corporation held the 2004 working conference from January 15 to 16. The conference overviewed the achievements and problems in 2003, carefully analyzed the development opportunities, identified plans for 2004, and raised the vision of accelerating strategic transition and creating a new Sinochem within five years.

The management of Sinochem and key staff from both domestic and abroad participated into the conference. Officials of the State Assets Supervisory Committee, Central Organization Commission, and the Ministry of Finance were invited to the conference.

In 2003 Sinochem achieved the best ever performance despite external uncertainties such as the SARS epidemic and Iraqi war.

President Liu Deshu, in his working report, reviewed the performance of Sinochem in 2003 and analyzed the external environment and internal situation of the company. He said that Sinochem faced the best development opportunities in its history; the management improvement project and market-guided strategy implemented by the company laid down solid foundation for its future development; currently Sinochem must seize opportunity to form strong competitiveness.

To accelerate the development of Sinochem, the company should accomplish business transition by the year 2008, raise its net assets to 14 billion RMB yuan and create a brand new Sinochem in the sense of operational value and business performance.

The conference reviewed achievements, analyzed problems, identified areas to be improved and orchestrated future development. It is expected that Sinochem can realize another takeoff against the background of global economic warming and China’s efforts to build a well-off society. The conference will surely encourage Sinochem staff to work even harder to promote the rapid development of the company.