Luan Chemical Group Co., Ltd. held an inauguration ceremony

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Luan An Chemical Group Co., Ltd. held its inauguration ceremony. Author/Source: Huahua Network – Coal Chemicals. Date: November 27, 2020. Clicks: 12. On November 26, Luan An Chemical Group Co., Ltd. held its inauguration ceremony; this marked the start of efforts to integrate the high-quality coal chemical assets of enterprises under Shanxi Province’s ownership in order to create a flagship enterprise in the field of advanced chemicals in that province. Meanwhile, Luan An Group will become part of history. Luan Chemical Group Company has a registered capital of 20 billion yuan. It was formed by restructuring the largest and strongest provincial chemical enterprise group in Shanxi Province, with Luan Mining Group Company, a Fortune 500 company, as its core. Its registered address is in Luzhou District, Changzhi City, Shanxi Province (Zhangze Industrial Park in Changzhi High-Tech Zone), and it is wholly owned by Shanxi State-owned Assets Operation Company. In August 2020, the business registration was completed successfully. It was decided that a total of 16 companies affiliated with Lu’an Group, along with the coal mines that supply raw materials and related assets, would be transferred to Lu’an Chemical Group on a free basis. Meanwhile, the equity interests in coal chemical enterprises owned by provincial-level entities such as Shanghai Electric Group Guokong Huanqiu were also transferred to Lu’an Chemical Group.