Yuancheng Group
Chemical manufacturing company
From Wikipedia, the free encyclopedia
Yuancheng Group, also known as Wuhan Yuancheng Technology Development Co., Ltd., is a Chinese chemical manufacturing company headquartered in Wuhan, China. The company is a notable supplier of precursors for the manufacturing of illicit drugs, such as Methamphetamine and Fentanyl. Yuancheng has approximately 700 employees and 30 locations across China.[1] Yuancheng is designated as a New and High Technology Enterprise and therefore receives additional incentives from the Chinese government.[2][3]
Native name | 武汉远澄科技有限公司 |
|---|---|
| Formerly | Wuhan Yuancheng Factory Co., Ltd. |
| Company type | Private |
| Industry | Chemicals |
| Founded | 2001 |
| Founder | Ye Chuan Fa (叶传发, alternatively spelled as Chuen Fat Yip) |
| Headquarters | , |
Number of locations | 30 |
Number of employees | 700+[1] (2019) |
| Website | www |
The COVID-19 pandemic lockdown in China restricted the supply of precursors and resulted in price increases of street drugs in the USA.[4] The supply shortages resulted in price increases and shortages in illegal drugs that were noticed on the streets of the UK.[5] US law enforcement also told the NY Post that Mexican drug cartels were having difficulty in obtaining precursors.[6][unreliable source?]
