The company was formed by a joint restructuring of China Chemical Group Co., Ltd. and China Chemical Group Co., Ltd., and was officially inaugurated on May 8, 2021. It is an important state-owned enterprise supervised by the State Council's State-owned Assets Administration Commission. The company has a long history and rich technical heritage. Currently, it has 2 national engineering technology centers, 3 national enterprise technology centers, 2 post-doctoral research workstations, and technology research and development centers in many places at home and abroad. It is committed to becoming a world-class comprehensive service provider for chemicals and new materials and equipment, providing customers around the world with comprehensive product, technology and system service solutions. The company is a chemical equipment industry company under Sinochem. Its main business is R&D, production and sales of plastic machinery, rubber machinery and chemical equipment, and provides full life cycle services and digital solutions. The company's main products include injection molding equipment, extrusion equipment, reaction molding equipment, drying equipment, tire molding equipment, vulcanization equipment, and also provides customers with equipment-related life cycle services, digital service solutions and supervision services. Corporate honors: Sinopec Federation Science and Technology Progress Award, China Chemical Patent Excellence Award, Gansu Patent Award First Prize; won the 2023 Gansu Provincial Industrial Economy Outstanding Contribution Enterprise; 2023 Lanzhou Advanced Collective for Outstanding Contribution to High Quality Development (Science and Technology Innovation Direction); Nanjing Sanfang Chemical Equipment Supervision Co., Ltd. won the honor of Outstanding Supervisor at Sinopec Zhenhai Base, etc.