In 2008: Sinochem Group became the holding company of ZPBMG by capital injection
On June 12, 2008, Sinochem Group became the majority shareholder of ZPBMG by signing the capital increase agreement with Zhejiang SASAC, which opened a brand new chapter of reform, development and management for ZPBMG. At the same time, Xi’an Environmental Protection and Sinochem Taicang were incorporated into ZPBMG as a form of capital increase
Clarify Development Strategy
Defined development directions and strategic positioning of all business sectors;
Brought forth the principle of "strict management, efficient service, active coordination and good supervision";
Formulated three-year planning to accentuate core business sector and set forward explicit strategies.
Strengthen HQ Control and Management
Set up new functional departments to intensify control towards member companies;
Formed a decision-making system that involves shareholders meeting/board meeting, general manager's meeting and special committee to increase efficiency and accuracy of decision-making.