In May, the two major chemical giants "merged", ChemChina and Sinochem Group merged into "China Sinochem Holding Co., Ltd.", the two fortune-owned central enterprises will form a giant company with assets of 1.4 trillion yuan and 220,000 employees after the restructuring of the world's top 500 central enterprises. When it comes to chemical industry and mergers and acquisitions, we have to mention Ren Jianxin.
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With only 250 patents, Ren Jianxin completed the leap from washing teapots to washing spacecraft
In 1984, the wind of scientific and technological development spread throughout the north and south of the river, and Ren Jianxin wanted to use this wind to solve the problem of backward boiler cleaning technology in China. With a patent worth 250 pieces of "nitric acid industrial corrosion inhibitor" and less than 20,000 start-up funds, he founded the Cleaning Company of the Chemical Machinery Research Institute of the Ministry of Chemical Industry, which was later renamed Bluestar.
At the beginning, there was no promotion channel, and Ren Jianxin could only wash the teapot for free. After the boss heard about it, he gave them a heavy scale boiler that was close to scrapping for cleaning experiments, and it was this experiment that Ren Jianxin earned the first bucket of gold. Since boiler cleaning was always a difficult problem for enterprises at that time, there were successful cases and the technology of cleaning boilers was quickly publicized. In this way, from the teapot, to the oil pipeline, to the launch facility of China's first experimental manned spacecraft "Shenzhou", there is no blue star that cannot be washed, and the name of blue star has also been launched internationally.
Ren Jianxin turned stones into gold and helped xinghuo chemical plant turn over
Bluestar has gradually grown with boiler washing technology, but Ren Jianxin is not satisfied with this. At that time, silicone technology has always been China's weakness, in order to break the foreign monopoly, a Spark Chemical Factory has tried 28 times, all of which ended in failure, and therefore heavily indebted, Ren Jianxin ignored everyone's opposition, took over this hot potato, and made a military order. In response to the previous problems, Ren Jianxin sought information from abroad and invited domestic and foreign experts to discuss the plan together, and finally after 5 months, he successfully produced silicone on a large scale. Today, China's silicone production ranks first in the world, all thanks to Ren Jianxin at that time.
Ren Jianxincheng is the "king of mergers and acquisitions" in the eyes of foreigners
Ren Jianxin not only saved many difficult enterprises, but also was a legend in the merger and acquisition of companies. In 2004, after bluestar achieved restructuring, Ren Jianxin put his goal abroad. In 2006, the acquisition of Adisseo became China's largest investment in France at that time, and in April of the same year, it acquired Kennes in Australia, laying the raw material foundation for the development of new chemical materials; acquiring the silicone and sulfide business of the French Rhodia Group, which greatly improved the production capacity of silicone monomers; in 2017, it completed the largest overseas merger and acquisition in the history of China's founding of the People's Republic of China, which took two years to acquire Syngenta with 43 billion US dollars, making up for the gap in China's chemical seed business. The Financial Times once called Ren Jianxin the "King of Mergers and Acquisitions in China".
From two cents of revenue, to assets of trillions, Ren Jianxin is not only a legend in itself, but also a legend for the development of China's chemical plants, with unique business acumen, the blueprint of China's chemical industry is depicted step by step, which is worthy of our admiration and learning.
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