Zhejiang Hengyi Group Co Ltd was officially established as a group company on Oct 18, 1994. It has developed into a modern large private enterprise specializing in petrochemical and chemical fiber raw material production, with various production bases in Hangzhou, Shanghai, Ningbo and Dalian.
The company went public in 2011, with a staff of nearly 20,000 and total assets of more than 80 billion yuan ($119.14 billion). Hengyi’s market value is now more than 22 billion yuan.
In addition to the success of its core petrochemical business, Hengyi Group is also a shareholder of Zhejiang Commercial Bank, which was listed on the Hong Kong Stock Exchange in March 2016.
Hengyi has taken the lead in forming a “polyester+nylon” dual industry chain-driven development model among its peers. It has become a major global supplier of PTA-polyester with an annual production capacity of 13.5 million tons of PTA, 7.3 million tons of PET and 600,000 tons of DTY. As the largest petrochemical producer dealing in PTA and PET in China, the group has been listed as one of the country’s top 500 enterprises in China and top 500 manufacturing companies in consecutive years.
Hengyi Group is actively responding to the Belt and Road Initiative initiative to further accelerate the pace of internationalization and promote the construction of the PMB petrochemical project on Damora Island in Brunei.
In 2018, Hengyi Group maintained its momentum and achieved a total industrial output value of 147.97 billion yuan, a year-on-year increase of 38.09 percent. It also achieved sales income of 144.72 billion yuan and a total profit of 2.443 billion yuan. Hengyi contributed a total tax payment of 1.79 billion yuan, a year-on-year increase of 100.46 percent.
Business scope: benzol, PX, PTA, MEG，CPL，PA6，PET chips bottle grade, PET chips super bright, PET chips semi dull, POY, FDY, PSF, DTY and differential fibers.
Address: 260 North Shixin Rd, Xiaoshan district, Hangzhou
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