Yuancheng Group

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]

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

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. 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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