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Sinochem Lantianis Co., Ltd., the successor of Zhejiang Petrochemical & Building Material Group Co., Ltd. (hereinafter referred to as ZPBMG) which was a provincial-level enterprise formed by Zhejiang Petrochemical Group Co., Ltd. and Zhejiang Building Material Group Co., Ltd.
In June 2008, Sinochem Group (a Fortune Global 500 company) became the holding company of ZPBMG after signing an investment agreement with the State-owned Asset Supervision and Administration Commission (SASAC) of Zhejiang Provincial Government.
In July 2009, ZPBMG was renamed as Sinochem Lantian.