China's Top 500 Enterprises, Polyester Chemical Fiber So Many?

Fortune China Network released the latest Fortune 500 list, considering the performance and achievements of the largest Chinese Listed Companies in the world in the past year. It is noteworthy that there are 7 chemical fiber textile enterprises with the top 2019 China top 500 list. Among them, Rongsheng Formosa Petrochemical Co ranked the most in the 100th place; Jiangsu Oriental Sheng Hong Limited by Share Ltd is the first time to enter the list.

Rongsheng Formosa Petrochemical Co

Rongsheng Petrochemical is headquartered in Xiaoshan, Hangzhou, adjacent to Hangzhou Xiaoshan International Airport and China Textile City. It is one of the leading enterprises in Sinopec chemical fiber industry. The company is mainly engaged in the production and sale of petrochemical and chemical fiber related products, and has annual capacity of 2 million tons of aromatics, 13 million tons of terephthalic acid (PTA), 3 million tons of polyester, 1 million 300 thousand tons of spinning, and 400 thousand tons of bombs.

Through strong alliance, the company has deployed PTA industry in Ningbo, Dalian and Hainan, and has become one of the largest PTA producers in the world.

The aromatics project of CICC completed in 2015 has a scale of 2 million tons. At present, the company is building a 40 million ton / year refining and chemical integration project in Zhoushan green petrochemical base.

Heng Yi Formosa Petrochemical Co

Hengyi Petrochemical is committed to developing into one of the leading and world-class petrochemical industry groups in China. Through the sharing of resources and Industrial Synergy, the overall competitiveness of the petrochemical industry has been comprehensively promoted. At present, the "polyester + nylon" double nylon driven petrochemical industry chain has been gradually formed as the core business.

The company's comprehensive competitive advantage has been in the forefront of the industry for many years. Its main products include PTA, its control capacity reaches 13 million 500 thousand tons, caprolactam (CPL) production capacity is 300 thousand tons, polyester (PET) chips, bottle flakes and polyester preoriented yarn (POY), polyester drafting yarn (FDY), polyester elastic yarn (DTY), staple fiber and other differential products, and ginseng holding capacity is 4 million 100 thousand tons.

Hengli Formosa Petrochemical Co

Hengli Petrochemical is the core listed company of Hengli Group, the world's top 500 company. The company successfully landed on the domestic capital market in 2016 and listed on the main board of the Shanghai stock exchange. Hengli Group, a controlling shareholder of the company, was founded in 1994 and started in weaving. It has gradually developed into an international enterprise with diversified development of petrochemical, polyester new materials and textile industry, trade, finance, thermoelectricity and so on.

Hengli Group's total revenue in 2018 was 371 billion 700 million yuan, ranking 235th in the world top 500, 500 in Chinese enterprises, fifty-first in 500, 500 in Chinese private enterprises, sixteenth in Chinese manufacturing enterprises.

TONGKUN GROUP co., ltd

Tong Kun group is a large joint-stock enterprise listed in PTA, polyester and polyester fiber manufacturing industry. It is located in the hinterland of Hangzhou Jiaxu Lake Plain, Tongxiang. The predecessor of the enterprise was Tongxiang chemical fiber factory established in 1982. After more than thirty years of development, it has a total assets of 36 billion yuan, and has 5 directly affiliated factories and 18 holding enterprises, with more than 19000 employees.

In May 2011, Tong Kun successfully landed in the capital market and became the first listed company on the main board since the reform of stock market in Jiaxing. The company now has 5 million 200 thousand tons of polymerization and 5 million 700 thousand tons of polyester filament production and processing capacity, 4 million 200 thousand tons PTA production and processing capacity, ranking the first in the world's polyester filament production and production capacity.

New Feng Ming Group Limited by Share Ltd

New Feng Ming Group Limited by Share Ltd is a key scale enterprise in Zhejiang province. The A share listing of the Shanghai Stock Exchange (stock code 603225) was founded in February 2000. It is located in Tongxiang, China. It is located in Tongxiang, China. It is a large-scale joint-stock enterprise integrating polyester, spinning, PTA, firing and import and export trade. It has been ranked among the top 500 "China's top 500 private enterprises", "China's top 500 manufacturing enterprises" and "100 top 100 enterprises in China".

As of 2018, the total capacity of the company has reached 3 million 700 thousand tons, and the production capacity of civilian filament is the top three of the global industry.

Tangshan Sanyou chemical Limited by Share Ltd

Tangshan Sanyou chemical Limited by Share Ltd was founded in December 28, 1999. It is located in Tangshan City Caofeidian district on the coast of Bohai. It has convenient transportation and obvious location advantages. It is the Core Company of Sanyou group in Tangshan, the key chemical backbone enterprise in Hebei Province, and is a well-known enterprise in the National soda ash and chemical fiber industry. In June 18, 2003, Sanyou chemical A shares were listed on the Shanghai Stock Exchange.

In 2005, the split share structure reform was completed. In 2011, related assets of chemical fiber company and salt chemical company were injected into listed companies. In 2012, we completed the injection of related assets of the mining company to achieve the overall listing of the main assets of the group. The total assets amounted to 24 billion yuan, the annual operating income was 20 billion yuan, and the employees were twenty thousand. It can produce 3 million 400 thousand tons of soda ash annually, 500 thousand tons of viscose staple fiber, 500 thousand tons of caustic soda, PVC40 million tons, and 200 thousand tons of organic silicon.

Jiangsu Oriental Rainbow Limited by Share Ltd

Jiangsu Oriental Sheng Hong Limited by Share Ltd (formerly known as Wujiang silk Limited by Share Ltd and Jiangsu Wujiang China Eastern Silk Market Limited by Share Ltd) was founded in July 16, 1998 and is located in Shengze Town, Wujiang District, Suzhou City, Jiangsu province. Approved by the China Securities Regulatory Commission, the company successfully landed on the A share market in 2000, and completed a major asset reorganization in August 2018, with a registered capital of 4 billion 29 million 53 thousand and 222 yuan.

The company specializes in R & D, production and sales of civilian polyester filament products. Combined with the advantages of regional textile industry gathering, based on the chemical fiber industry, we actively create international and domestic leading enterprises for the differentiation of civilian polyester industry. In the future, the company will take the chemical fiber industry as the starting point, grasp the opportunity according to the industry development law and its own development needs, step up to the upstream of the chemical fiber industry chain, and build a new high-end textile industrial chain of "-PX/ -PTA- ethylene glycol polyester polyester fiber", so as to form an international modern enterprise with coordinated development of the upstream and downstream industries.

Almost all of the new capacity in the next two years will come from the industry leader, the pain of industrial transformation and upgrading, and the death of small and medium-sized chemical fiber enterprises.

In the upstream of the textile industry chain, the concentration of chemical fiber leading enterprises is gradually strengthening, and their influence on the entire industrial chain is also growing. The market share of the top five of the polyester filament industry in the next two years will come from almost all the leading industries in the next two years.

In the next two years, the polyester filament industry has added 7 million 770 thousand tons of capacity. Only the top five producers of the industry have contributed 6 million 400 thousand tons of capacity increment.

Production pattern of polyester fiber in China in 2020

With the upgrading of the industry concentration, the leading enterprises of the chemical fiber that occupy the head resources will undoubtedly have more advantages. This is the reshuffle period of the chemical fiber industry. It is also a painful road for industrial transformation and upgrading. It is also the life and death of small and medium-sized chemical fiber enterprises.

Leading enterprises are more standardized management, introduce more advanced equipment, more R & D investment, and have huge capital to help them, so that they can seize the initiative in this arms race.

And those small chemical fiber enterprises with low production efficiency and weak competitiveness are faced with the danger of being swallowed up by "big fish". Therefore, for small and medium chemical fiber enterprises, it is the key to rapidly upgrade the core competitiveness of enterprises in line with the general trend of industrial transformation and upgrading.