The Hengli Group (Chinese: 恒力集团, KHUNG-lee) is a Chinese company active in oil refining, petrochemicals, polyesters and textiles. It operates the world's largest terephthalic acid (PTA) factory.[2]
 | |
| Company type | Private |
|---|---|
| SSE: 600346 SSE: 603268 NEEQ: 834199 | |
| Industry | petrochemicals, textiles |
| Founded | 1994 |
| Founders | Chen Jianhua and Fan Hongwei |
| Headquarters | , |
Area served | Worldwide |
Key people | Chen Jianhua (chairperson) |
| Revenue | US$90 billion[1] (2021) |
Number of employees | 170,125[1] (2021) |
| Website | hengli |
| Hengli Group | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 恆力集團有限公司 | ||||||||
| Simplified Chinese | 恒力集团有限公司 | ||||||||
| Literal meaning | Consistent-Energy Group Company Limited | ||||||||
| |||||||||
Hengli was founded in Suzhou as a weaving factory in 1994 by husband and wife Chen Jianhua and Fan Hongwei.[3]
One of the world's largest companies, Hengli was ranked 67th in the Fortune Global 500 for 2021, and 3rd on a list of China's top 500 Private Enterprises.[4][5][6]
It is described as "focused on energy efficiency in both their products and processes."[7][8]
In 2020, environmentalists criticised the Hengli Group's plans to begin manufacturing plastics from coal.[9]
In 2021, the company was criticised for seeking only male candidates for positions as drivers in Guizhou.[10]
Subsidiaries
editThree subsidiaries are publicly traded:
- Hengli Petrochemical Co., Ltd., (“Hengli Petrochemical Co., Ltd.” Stock Code: 600346.SH)
- Guangdong Songfa Ceramics Co., Ltd. ("Songfa INC." Stock Code: 603268.SH)
- Suzhou Wujiang Tongli Lake Co., Ltd. (“Tongli Tourism” Stock Code: 834199.OC)
Hongli has production bases in Suzhou, Dalian, Suqian, Nantong, Yingkou, Luzhou, Yulin, Huizhou and Guiyang.[11]
References
edit- ^ a b "Fortune Entry". Fortune. Fortune Magazine. Retrieved 6 March 2024.
- ^ "China's private chemical giant Hengli wins approval for crude oil quota". Reuters. April 20, 2018 – via www.reuters.com.
- ^ "China's Hengli makes bold $20 billion bet to spin coal into fabric". Reuters. July 29, 2020 – via www.reuters.com.
- ^ "Hengli Group | 2021 Global 500". Fortune.
- ^ "China's Hengli makes bold $20 billion bet to spin coal into fabric". Reuters.
- ^ Yu, Cheng (27 September 2021). "China 'is a leader in 4th industrial revolution'". global.chinadaily.com.cn. Retrieved 2024-01-13.
- ^ Jia, Hepeng (12 January 2022). "China's chemical makers will gain from low-carbon policies (in C&EN's World Chemical Outlook 2022)". Chemical & Engineering News. Retrieved 2024-01-13.
- ^ Xinhua, News Agency (February 10, 2022). "Fortune Global 500 company to build polyester industrial park in northeast China". www.macaubusiness.com. Retrieved 13 January 2024.
- ^ Mowbray, John (29 July 2020). "China textile giant to make polyester from coal". Ecotextile News.
- ^ Tone, Sixth (January 22, 2021). "Women's Federation Slams Fortune 500 Company's Sexist Hiring Ad". #SixthTone.
- ^ "Hengli Group-Who we are-Our company". www.hengli.com.