Yuancheng Group
Native name
武汉远澄科技有限公司
FormerlyWuhan Yuancheng Factory Co., Ltd.
TypePrivate
IndustryChemicals
Founded2001 (2001)
FounderYe Chuan Fa (叶传发, alternatively spelled as Chuen Fat Yip)
Headquarters
Wuhan
,
China
Number of locations
30
Number of employees
700+[1] (2019)
Websitewww.yuanchengtech.com

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]

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]

References

  1. 1 2 WESTHOFF, BEN (18 August 2019). "The Brazen Way a Chinese Company Pumped Fentanyl Ingredients Into the U.S. Yuancheng used an army of young, perky salespeople to peddle illegal chemicals to Americans". The Atlantic. Retrieved 20 April 2020.
  2. ↑ WESTHOFF, BEN (6 September 2019). "Opinion: Trump wants China to rein in fentanyl producers. Good luck with that". LA Times. Retrieved 20 April 2020.
  3. ↑ "Testimony before the U.S.-China Economic and Security Review Commission "Exploring the Growing U.S. Reliance on China's Biotech and Pharmaceutical Products."" (PDF). USCC. 31 July 2019. Retrieved 20 April 2020.
  4. ↑ "Corona snijdt ook in het vlees van de drugsmaffia". DS Standaard. 11 April 2020. Retrieved 20 April 2020.
  5. ↑ Grierson, Jamie (12 April 2020). "Coronavirus triggers UK shortage of illicit drugs". The Guardian. Retrieved 20 April 2020.
  6. ↑ Vincent, Isabel (28 March 2020). "Coronavirus pandemic drives up price of heroin, meth and fentanyl". NY Post. Retrieved 20 April 2020.
  • www.whyctech.com



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