Corporate History
Shouguang Yuxin Chemical Industry Co. Ltd. (SYCI) was formed
May 2005
Shouguang City Haoyuan Chemical Industry Co. Ltd (SCHC) was formed
December 2006
Gulf Resources became a U.S. publicly traded company
February 2007
SYCI was acquired by Gulf Resources, Inc.
April 2007
Gulf Resources signed supply agreement with Daqing Oilfield Company.
May 2007
Gulf Resources signed a long term agreement with Huaneng Yimin Power Plant for its proprietary, environmentally friendly biocide product.
September 2007
Gulf Resources established Co-Op with East China University of Science & Technology to establish an R&D center focused on newly refined bromine-based chemical compounds and products utilized as raw materials for the pharmaceutical industry. GFRE will own all patents and discoveries. In addition, the Company announced two for one forward stock split and new trading symbol: GFRE.
September 2007
Gulf Resources signed a letter of intent with Southwest Synthetic Pharmaceutical Corporation Ltd. to explore becoming a supplier of APIs for antibiotics.
January 2008
Gulf Resources announced it has successfully developed a new type of environmentally friendly oil field drilling fluid system.
September 2008
Gulf Resources opened a new production line focusing on environmentally friendly additive products.
Gulf Resources’ common stock starts trading on the NASDAQ Global Select Market.
Gulf Resources constructed a new production line focusing on additives for wastewater treatment chemicals.
February 2015
Acquired Shouguang City Rongyuan Chemical Co, Ltd. (“SCRC”). a leading manufacturer of materials for human and animal antibiotics in China and other parts of Asia. Merged SCRC into Shouguang City Haoyuan Chemical Company (SCHC)
May 2015
First natural gas well reports strong test results.
November 2015
Entered into a Project Investment Agreement with the People’s Government of Daying County in Sichuan Province for the exploration and development of natural gas and brine resources (including bromine and crude salt).
August 2016
Merged its two chemical divisions together.
November 2016
Factory #6 closed by order of the local government because it impinged on farm land.
January 2017
Completed construction of first natural gas and brine facility test well.
September 2017
Closed bromine and crude salt facilities for rectification by order of the government.
November 2017
Government rules that company must relocate its chemical factories to a site in a new chemical industrial park.
July 2018
New government regulations cause further delay in reopening bromine and crude salt factories.
September 2018
Government forces the closing of factories #3,#4, and #11 for environmental reasons.
April 2019
Government approves the reopening of factories #1 and #7. Production commences.
June 2019
Trial production at natural gas well in Sichuan Province suspended so company can comply with new environmental regulations.
August 2019
Typhoon Lekima, the costliest typhoon in Chinese history floods Shandong Province, forcing the company to close al of its facilities. a
January 2020
Reverse 1-5 stock split.
March 2020
Government approves the reopening of factories #1,#7,#4 and #9.
April 2020
Factories #1,#7, #4, and #9 reopen.
May 2020
Construction of new chemical factory commences.