Corporate Overview
We
are a leading China-based contract manufacturer of highly engineered
specialty chemicals. In particular, we are the largest manufacturer
of fluorinated specialty chemicals in China based on sales with a share
of approximately 21% and 25% of the Chinese market in 2007 and 2008,
respectively, according to a commissioned report prepared by Frost &
Sullivan. We manufacture specialty chemicals, which are typically highly
engineered chemicals used as building blocks in the manufacture of more
advanced chemicals or to enhance the performance of the end products
manufactured by our end users in various industries including electronics,
pharmaceuticals and agrochemicals.
Since
our establishment in 1996, we have developed a reputation for collaborating
with our customers to develop and introduce more sophisticated design
processes to produce specialty chemicals that meet their specific requirements.
As
a result of our process design expertise, research capabilities, efficient
use of materials and track record, we have established a loyal base
of customers and end users who purchase or use our products and have
returned to us with requests for new products.
Chemspec's
blue-chip end-users include major global TFT Liquid Crystal suppliers,
one of the world's top global agrochemical companies and four of the
world's top ten pharmaceutical companies by sales
As
of March 31, 2009, we owned and operated four production facilities in
China located
in Shanghai and Jiangsu and Zhejiang provinces with a total maximum production capacity
of 1.1 million liters of reactor volume, which we expect will increase
to approximately 2.8 million liters by the end of 2009 through expansion
of our existing facilities and the opening of new production facilities.
Our manufacturing facilities provide the flexibility to produce any
of the specialty chemicals we manufacture in varying quantities, as
the volume of our individual reactors ranges from 100 liters to 5,000
liters. All of our facilities are materially compliant with applicable
environmental, health and safety laws and regulations
As
of March 31, 2009, our research and development team included 91 research
scientists and technicians, ten and eighteen of whom have Ph.D. and
M.S. degrees, respectively, in chemistry, engineering or other related
sciences. We are in the process of building a new research and development
center in Shanghai that can support up to 350 scientists, and we expect
to complete construction in the second half of 2009.
Our
objective is to build on our established integrated specialty chemicals
platform to become a global leader and innovator in developing and producing
complex specialty chemicals targeted at rapidly growing end-markets.
We intend to achieve this objective by pursuing the following strategies:
- Leveraging our strong market reputation and focusing on the production of higher value added specialty chemicals, particularly for pharmaceuticals.
- Increasing our manufacturing capacity and research and development capabilities through organic growth and selective strategic acquisitions.
- Enhancing our operating efficiencies and strengthening management and cost controls: and
- Attracting and retaining high quality talent.
Click on the link below to view the bell ringing ceremony on our IPO day
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