Hangyang Group and China Chemical Establish Intelligent Heavy Industry Company.

According to the QiChaCha app, recently, Hangyang Global Intelligent Heavy Machinery Co., Ltd. was established with a registered capital of 170 million yuan. Its business scope includes manufacturing of gas and liquid separation and purification equipment, as well as processing of mechanical parts and components. Equity penetration data from QiChaCha shows that the company is jointly owned by Hangyang Group and China Chemical's wholly-owned subsidiary, China Chemical Engineering Sixth Construction Co., Ltd.