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, China. With a population of over eleven million, it is the most populous city in Hubei and the List of cities in China by population, eighth-most-populous city in China. It is also one of the nine National cent ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. 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 use, recreational or Performance-enhancing substance, performance-enhancing drug and less commonly as a secon ...

and

Fentanyl Fentanyl is a highly potent synthetic piperidine opioid primarily used as an analgesic (pain medication). It is 30 to 50 times more Potency (pharmacology), potent than heroin and 50 to 100 times more potent than morphine. Its primary Medici ...

. 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 and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

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 a criminal organization composed of independent drug lords who collude with each other in order to improve their profits and dominate the illegal drug trade. Drug cartels form with the purpose of controlling the supply of the i ...

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