Yuancheng Group, also known as Wuhan Yuancheng Technology Development Co., Ltd., is a Chinese chemical manufacturing company headquartered in

Wuhan Wuhan (, ; ; ) is the capital of Hubei, Hubei Province in the China, People's Republic of China. It is the largest city in Hubei and the most populous city in Central China, with a population of over eleven million, the List of cities in China ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. The company is a notable supplier of precursors for the manufacturing of illicit drugs, such as

Methamphetamine Methamphetamine (contracted from ) is a potent central nervous system (CNS) stimulant that is mainly used as a recreational drug and less commonly as a second-line treatment for attention deficit hyperactivity disorder and obesity. Methamph ...

and

Fentanyl Fentanyl, also spelled fentanil, is a very potent synthetic opioid used as a pain medication. Together with other drugs, fentanyl is used for anesthesia. It is also used illicitly as a recreational drug, sometimes mixed with heroin, cocaine ...

. Yuancheng has approximately 700 employees and 30 locations across China. Yuancheng is designated as a New and High Technology Enterprise and therefore receives additional incentives from the Chinese government. The

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identif ...

lockdown in China restricted the supply of precursors and resulted in price increases of street drugs in the USA. The supply shortages resulted in price increases and shortages in illegal drugs that were noticed on the streets of the UK. US law enforcement also told the NY Post that Mexican

drug cartel A drug cartel is any criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises. The term was applied when the ...

s were having difficulty in obtaining precursors.

References

External links

* www.whyctech.com
Chemical companies of China Manufacturing companies based in Wuhan {{China-company-stub