On March 26, 2018, Sennics Co., Ltd. (Sennics) changed its registration place from Taizhou, Jiangsu Province to China (Shanghai) Pilot Free Trade Zone, a milestone in the company's development that will provide new resources for its strategic transformation.
According to Sennics' strategic planning, the company will take a decade to achieve coordinated development among multiple product lines, including antioxidants, antioxidants, and vulcanization systems, achieving growth in both rubber and plastic businesses, maintaining world-leading brand positioning, and becoming the innovator and frontrunner in the polymer additive industry. Shanghai Pilot Free Trade Zone, which boasts unrivaled advantages in its open, transparent and global rules-based investment management policies, efficient and effective supervisory mechanisms, vigorous financial service functions, innovative governmental management modes, and high-end human resources, will give a boost to Sennics in further enhancing its efficiency and quality, thus to accelerate its strategic expansion and upgrade.
Changing the registration place to Shanghai Pilot Free Trade Zone will help Sennics enrich its product line, reserve new technology, enhance core competitiveness and advance the implementation of medium to long-term strategic planning. As a member of Sinochem Group, Sennics has always been sticking to the "entrepreneurship and innovation" development concept, and has sought to expand strategic horizon and consolidate its core capacity through transformative reforms and overhauls. In the wake of registration place relocation, Sennics will work with global business partners to make great efforts to achieve the sustainable development of the industry and society.
Background information: Sennics' brand logo, a flying hummingbird, symbolizes liveliness, agility, precision and efficiency. For the past two years, Sennics has made key strategic transformations. On June 23, 2016, it moved its operation center into the Sinochem International Plaza inside the World Expo Park in Pudong; on December 26, 2016, Jiangsu Sinorgchem Technology Co., Ltd. was renamed Sennics Co., Ltd.; on August 28, 2017, the brand-new logo was launched with development focus trained on the polymer additive sector; on October 28, 2017, the Green Polymer Additive Industry Base broke ground in Xuwei New District, Lianyungang; on March 16, 2018, the Green Polymer Additive Academician Workstation unveiled in Tongling, Anhui Province; on March 26, 2018, the company's registration place was changed from Taizhou, Jiangsu Province to China (Shanghai) Pilot Free Trade Zone.