Chemical

Changlong

Hongbo

Luyuan

Chemical Division

China today

China has demonstrated a remarkable economy with GDP growth of more than 9% per year for the last 20 years. Today, China has emerged as the world's third-largest trading nation, already the world’s biggest producer of many industrial products.

McVicar’s objective

McVicar selected this fast growing industrial sector as its expansion from mining business in China. The company’s objective is to position itself as a critical link to bringing western high quality chemical products and services to fulfill the need in the emerging China market.

McVicar has a 90.5% interest in Hong Kong based McVicar (Hong Kong) Advanced Materials Co. Ltd., which purchased a 100% interest in Zhejiang Hongbo Chemical Co. Ltd. and a 100% interest in Hangzhou Changlong Chemical Co. Ltd.

In 2008 Hongbo purchased an 80% interest in Xiangshui Luyuan Chemical Co. Ltd. ("Luyuan").

These acquisitions represent major steps for McVicar to advance the presence in the industrial chemical business in China.