Founded in 2003, Zhejiang Yisheng Petrochemical Co Ltd specializes in the production of purified terephthalic acid (PTA). It was jointly invested in by Zhejiang Hengyi Petrochemical Co Ltd, Zhejiang Rongsheng Chemical Fiber Co Ltd and Hong Kong Shenghui Co Ltd.
Covering 0.69 square kilometers, the company is located in Ningbo Economic and Technological Development Zone. It has total assets of 7 billion yuan ($1 billion). With more than 600 employees, the company has formed an annual production and sales scale of over 10 billion yuan and is one of the engineering enterprises supported by the Ningbo government.
Located next to Beilun Port, the largest deepwater port in China, Yisheng is well equipped with marine chemical terminals which are capable of handling an annual throughput of over 1.8 million tons. The location is convenient for the transporting raw materials and products.