OREANDA-NEWS. September 18, 2012. China Enterprise Confederation /China Enterprise Directors Association (CEC/ CEDA) issued “China’s Top 100 Transnational Enterprises plus Multinational Index for 2012”. Sinochem Group ranked fifth among the top 100 transnational enterprises and second on the multinational index list with a multinational index of 56.2%, reported the press-centre of Sinochem. 

“China’s Top 100 Transnational Enterprises for 2012” are selected from non-financial enterprises with overseas assets, overseas business income and overseas staff based on “China’s Top 500 Enterprises” and by following common international practices, and ranked in accordance with the total overseas assets in 2011. The first 5 enterprises among the top 100 transnational enterprises also include PetroChina, Sinopec, CITIC and CNOOC.

The “multinational index” is the average value of the proportions of overseas business income, overseas assets and overseas staff. The top five enterprises on the multinational index list also include Zhejiang Geely Holding Group Co., Ltd. (67.48%), COSCO (40.59%), Huawei (40.1%) and ZTE (39.2%). It is shown by the list that the average multinational index of China’s top 100 transnational enterprises is 12.93%.

As one of the enterprises which took the initiative to “ Go Global”, Sinochem Group invested in and set up factories overseas as early as in the 1980s. In recent years, the company centered on the positioning of becoming a “global resource and market organizer” in its transformation and brought into full play its advantages in international operation, to comprehensively accelerate its speed of “going global” by acquiring oil and gas, natural rubber and other assets overseas and to improve its internationalization level. By the end of 2011, the proportions of the company’s overseas assets, overseas business income and overseas operating profits had accounted for 47%, 76% and 29% respectively; and meanwhile, its overseas subsidiaries have exceeded 60.