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Zhejiang Materials Industry Chemical Group Ningbo Co.,Ltd was founded in 2011, located in the International Financial Center, Ningbo, Zhejiang Province. It is a subsidiary of Wuchan Zhongda Chemical Group, affiliated to a listed company, Wuchan Zhongda Group (formerly “Zhejiang Materials Industry Group”) which was ranked 149th in the Fortune 500 enterprises in 2025.

Wuchan Zhongda Group (600704.SH) is a large state-owned listed company under the jurisdiction of Zhejiang Province. It is committed to becoming a leader in China's smart supply chain integration services. Since 2011, the group has been listed in the world's top 500 for 15 consecutive years. The group adheres to “One body with two wings” strategy (Smart supply chain integration service as the body, financial service and high-end manufacturing as the two wings). The group implement "Circulation 4.0" in depth, supported by modern information technologies such as the Internet of Things, big data, and cloud computing, and driven by customer needs. It is committed to building a smart supply chain characterized by cross-border integration, symbiosis and win-win situation among supply chain enterprise stakeholders.

Zhejiang Materials Industry Chemical Group Ningbo Co.,Ltd adheres to the practice of "Circulation 4.0", and its main business is to provide integrated services in four aspects of logistics, finance, information and platform in the whole industry chain of oil and chemical products. It is committed to becoming a "modern circulation service platform in the global chemical industry", adhering to the business model of "supply chain integration service + extension of industrial chain value, industrial bank + public service platform". The company's business covers more than 30 countries and regions around the world and the whole country, with strong supply chain integration service capability and industrial chain integration capability.

The company aims to provide service trade for the world's top 500 chemical enterprises and China's top 500 chemical enterprises, and become the bridge between the above enterprises and the majority of middle and downstream enterprises. Since its establishment, the company has established a stable cooperative relationship with global 500 companies such as BASF SE, Honeywell International, Taiwan Nya Chemical, South Korea Hyosung, Formosa Plastics, Saudi Sabik, ICC, Iwei Chemical, South Korea LG, Exxon and so on. The company has also become strategic partners with Sinopec, PETROCHINA, CNOOC, Yantai Wanhua and other large domestic petrochemical enterprises. At the same time, the company has established a complete national sales system. The company has established offices and storage bases in east China, south China, north China and central China, and has a strong distribution network. In addition, the company has established close cooperation with large banks and warehousing companies at home and abroad, which provides a solid guarantee for business development and sustainable development.

With the opportunity of rapid and sustainable development of chemical industry, the company will further extend to the upstream and downstream of the chemical industry chain in the future development. The company will give full play to its own advantages, and strive to become a professional chemical product integration service provider, and truly achieve a win-win situation with customers.