The Hengli Group is a leading manufacturer in China’s chemicals industry. Its total revenue reached 307 billion yuan in 2017. The Group ranks 268th among the world’s largest 500 companies. It ranks 60th among Chinese enterprises, 20th among manufacturing enterprises and 10th among private enterprises in China. The company is proud of its innovative spirit and competitiveness. Its innovative products and services are sought after by a variety of industries.
The company is devoted to tackling environmental issues and reducing its environmental footprint. It has invested RMB307 billion in its Kanghui Petrochemical in Yingkou’s Xianren island, and its phase one project began operations in June this year. The Group has five bases throughout the country and is one of the leading manufacturers of performance fibre textiles in China. It also aims to build a sustainable and long-term partnership with its customers.
In 2019, the Hengli Group had a total revenue of RMB 556.7 billion. It was ranked as the 181st largest enterprise in the Fortune Global 500, 8th among China’s private enterprises, and 13th among the 500 Manufacturing Enterprises in China. In addition, the Hengli Group has won numerous awards for its innovative and environmentally friendly products, including the environment-friendly chemical fiber industry. It has also won the National User Satisfaction Product and the Famous Trademark of China.
The Hengli Group, Leading Manufacturer in China’s Chemicals Industry
The Hengli Group strives to create a friendly environment for growth by actively supporting charity organizations and helping disadvantaged groups. Since its founding, the company has donated more than RMB 1 billion to charitable organisations. It is also making great strides in energy conservation and emission reduction. Its factories have been awarded ISO and European green environmental protection certification. The company has also set up its first green factory, which will allow it to use reclaimed water from all over China.
The Hengli Group was founded in 1994 and currently focuses on oil and petrochemicals. Its core listed subsidiaries include Hengli Petrochemical Co., Ltd. and Hengli Petrochemical Co., Ltd, both of which are Fortune 500 companies. The Hengli Group’s products are widely used in many industries, including automobiles, electronics, textiles, and even cosmetics. The Hengli Group has a large international research and development team, which makes it more competitive in global markets.
Chen Jianhua invested 200 million yuan to set up a textile factory and a refinery in the city of Suzhou. Hengli had no experience in the textile industry but its founder emphasized that it had the vision to be an innovator. By establishing its own manufacturing company, the Hengli Group has expanded its reach into petrochemicals, tourism, and real estate. Hengli is the largest weaving enterprise in the world.
The Hengli Group has expanded its business portfolio. Its chemical and petroleum businesses are growing rapidly and the group is currently building a $3.10 billion high-end chemicals base in Jiangsu province. Its other businesses include property and tourism, which are also profitable. As a result, the Hengli Group has become a major force in the China economy. Today, Chen is one of the world’s most successful people.
The Hengli Group has also established a petrochemical subsidiary, Hengli Petrochemical. The company has allocated RMB25bn for this project and expects to have three lines of PTA production in the next five years. Its petrochemical business is a major player in the textile industry. The group’s diversified operations have made it one of the biggest textile companies in the world. The company’s ten bulk carriers were delivered in May and are expected to be completed by the end of the year.
The Hengli Group has invested over US$20 million in building its campuses. The campus includes restaurants, laundries, banks, internet cafes, clinics, and other facilities. Workers can live on the Hengli Group campus for 30 yuan per month. The company has also implemented a “robot world” in the factory, which transforms the workshop into an automated “robot world.” Hengli has also incorporated robots and other high-tech technologies into its business.
The company has developed its own refinery on the island of Changxing. The new complex is one of the largest in the world, with a capacity of 20 million tonnes per year. The company has also signed agreements with state-owned Sinochem and Sinopec to market its products in the domestic fuel market. It will also be equipped with crude distillation capacity and residue hydrocracking units. The Hengli Group has plans to build a similar facility in the province of Zhejiang.