| Yuancheng Group | |
| Native Name: | 武汉远澄科技有限公司 |
| Native Name Lang: | zh |
| Former Name: | Wuhan Yuancheng Factory Co., Ltd. |
| Type: | Private |
| Industry: | Chemicals |
| Predecessors: | --> |
| Successors: | --> |
| Founder: | Ye Chuan Fa (叶传发, alternatively spelled as Chuen Fat Yip) |
| Hq Location City: | Wuhan |
| Hq Location Country: | China |
| Num Locations: | 30 |
| Owners: | --> |
| Num Employees: | 700+ |
| Num Employees Year: | 2019 |
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]