Yuancheng Group

Yuancheng Group
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; 23 years ago
Founder	Ye Chuan Fa (叶传发, alternatively spelled as Chuen Fat Yip)
Headquarters	Wuhan, China
Number of locations	30
Number of employees	700+ (2019)
Website	www.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]^{[unreliable source?]}

References

^ ^a ^b 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.
^ WESTHOFF, BEN (6 September 2019). "Opinion: Trump wants China to rein in fentanyl producers. Good luck with that". LA Times. Retrieved 20 April 2020.
^ "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.
^ "Corona snijdt ook in het vlees van de drugsmaffia". DS Standaard. 11 April 2020. Retrieved 20 April 2020.
^ Grierson, Jamie (12 April 2020). "Coronavirus triggers UK shortage of illicit drugs". The Guardian. Retrieved 20 April 2020.
^ Vincent, Isabel (28 March 2020). "Coronavirus pandemic drives up price of heroin, meth and fentanyl". NY Post. Retrieved 20 April 2020.

External links

www.whyctech.com

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[Atlantic20200420-1] 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.

[LATimes-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.

[USCC-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.

[DSstandaard-4] "Corona snijdt ook in het vlees van de drugsmaffia". DS Standaard. 11 April 2020. Retrieved 20 April 2020.

[Guardian-5] Grierson, Jamie (12 April 2020). "Coronavirus triggers UK shortage of illicit drugs". The Guardian. Retrieved 20 April 2020.

[NYPost-6] Vincent, Isabel (28 March 2020). "Coronavirus pandemic drives up price of heroin, meth and fentanyl". NY Post. Retrieved 20 April 2020.

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