Rongsheng Petrochemical Yesterday Hit The Listing Clock.

　　 On the morning of November 2nd, Rongsheng petrochemical Limited by Share Ltd is listed on Shenzhen Stock Exchange. The crisp bells indicate that Rongsheng Petrochemical will go through the comprehensive operation of the capital market. industry chain We will gain more space for further development. Rongsheng Petrochemical issued 56 million shares of A shares, accounting for 10.07% of the total issued share capital.

For 15 years, Rongsheng Petrochemical is a controlling subsidiary of Zhejiang Rongsheng Holding Group Co., Ltd., a giant PTA and polyester filament manufacturer in China. It mainly produces three series of products, including PTA, PET, FDY, DTY and DTY, and has formed a complete industrial chain of petrochemical, polyester, spinning and elastic integration production. As the sixth largest polyester polyester production enterprise in China, Rongsheng petrochemical company currently has the production capacity of 600 thousand tons of polyester, 570 thousand tons of polyester spinning (FDY, POY), and 250 thousand tons of polyester elastic wire (DTY). In addition, its controlling shareholder is Yisheng and shares company Zhejiang Yisheng has 1 million 200 thousand tons and 1 million 60 thousand tons PTA design and production capacity respectively.

According to Rongsheng petrochemical development strategy The company will expand its development to the upstream of PTA, PX and other industrial chains, deepen research and development, achieve product upgrading, and actively develop and produce functional, differentiated, high-end and new polyester fibers with high added value.

It is understood that Rongsheng petrochemical listed two major investment projects is the embodiment of this in-depth development strategy. As an investment project, Yi grand 1 million 200 thousand tons PTA project was put into operation in April 2009. The project has milestone significance in the domestic PTA industry. The PTA device has independent intellectual property rights, and has the characteristics of large capacity, low investment, low energy consumption and high environmental protection level. It is the world's first PTA device with an annual capacity of over one million tons, which is conducive to promoting the development of China's polyester industry and meeting the needs of the market. The device has adopted a series of measures, such as localization of equipment, design of circular economy and energy saving technology transformation, which has created the world's lowest energy consumption per unit product and minimum investment amount of two industries.

Another raising project, Shengyuan chemical fiber annual output of 100 thousand tons of environmental health and multifunctional fiber technology transformation project will be put into operation in early 2012. After the implementation of this project, we will focus on developing environmentally friendly healthy multi-functional POY fibers and DTY fibers with great demand to improve product quality and added value. The environmentally friendly and healthy multifunctional fiber has the functions of lasting and high efficiency, releasing negative oxygen ions, improving far-infrared emissivity and improving hygroscopicity. It can be widely used in the fields of clothing, home textiles and industrial textiles, and constantly optimize the product structure of Rongsheng petrochemical company.

In addition, Yisheng Petrochemical three phase PTA project, yishanda PTA energy conservation and emission reduction transformation project, Shengyuan chemical fiber annual output 400 thousand tons, polyester 300 thousand tons, differential polyester fiber project and so on have all entered the preparatory stage. With the gradual liberalization of the national industrial policy, Rongsheng Petrochemical began to plan for the construction of PX on PTA.

Li Shuirong, chairman of Rongsheng group, told reporters that the development strategy of the industrial chain integration has made Rongsheng Petrochemical a great success. At present, there are few enterprises with integrated industrial chains in the industry, which has enabled Rongsheng to have a certain competitive advantage. In particular, after the PTA project was launched, Rongsheng Petrochemical has gone to a new level in terms of production scale, revenue, profitability and risk tolerance. Rongsheng Petrochemical has formed a complete industrial chain of "PTA- polyester spinning and firing", which can effectively resist the risks arising from the different fluctuation periods of PTA and polyester polyester industry, which greatly improves the stability of the profitability of the main business and brings new profit growth points for enterprises. At present, Rongsheng Petrochemical has won many famous titles such as "China famous trademark" and "China famous brand product".

Zheng Zhiyi, honorary president of China Chemical Fiber Association, said that Rongsheng group is a leading enterprise in the collectivization development of chemical fiber industry in China. The group has 3 controlled listed companies, including chemical, polyester, polyester and other industries. The successful listing of Rongsheng Petrochemical Company, a controlling shareholder, will effectively promote the leverage of capital market, accelerate scientific development, and guide the whole industry to grasp important strategic opportunities and achieve industrial upgrading.

　　 Zheng Zhiyi said that a group of new domestic polyester enterprises represented by Rongsheng group, which were established and developed rapidly in twenty-first Century, are reborn in the traditional chemical fiber enterprises. They have the remarkable characteristics of widely using high technology, high starting point, large capacity, low investment cost and operation cost, and two market competitiveness. The two enterprises represent two different development periods of new and old chemical fibers. Rongsheng group will definitely change the traditional image of polyester enterprises in the capital market, guide investors to rethink polyester and chemical fiber industry, and re establish the important position of polyester and polyester enterprises in capital market. At the same time, the successful listing of Rongsheng petrochemical company can fully demonstrate the great achievements of China's chemical fiber industry in terms of technological progress and industrial upgrading, and lead the industry to use modern financial instruments to seek greater development at a higher level.