What Forced Them Into The Super Wolves Of The Chemical Fiber Industry?

In the case of high market cost, chemical fiber manufacturing enterprises have to reduce costs to maintain their normal production and operation in order to keep the market. Relatively low labor costs and land costs will become the two choices in Southeast Asia and the Middle East. The global migration of chemical fiber manufacturing will become a direction of industrial transfer.

Zhejiang ranks the top 30 in the transnational operation of local private enterprises.

In recent years, Rongsheng group and Hengyi group seize the historical opportunity of "one belt and one road", take the lead in the transformation and upgrading of the sea, actively lay out overseas resources, open up overseas projects, transform their own capacity advantages, technology and capital advantages into new advantages in the development of market cooperation, and release the development of new kinetic energy.

Recently, by the Zhejiang Provincial Department of Commerce guidance, Zhejiang Provincial Association of overseas investment enterprises released "2019 Zhejiang local private enterprises transnational business 30 strong" list officially announced. The industry of the top 30 enterprises is mainly concentrated in manufacturing industries such as machinery, textile, medicine and other traditional advantages in our province. Rongsheng and Hengyi are among the top 30 in Zhejiang's local private enterprises, which is the affirmation of the global development of chemical fiber enterprises.

Rongsheng: Zhejiang Petrochemical Company, a subsidiary company, put into operation to enhance the right to speak and benefit from the world.

Taking Rongsheng as an example, the official website shows that Rongsheng insists on the development strategy of "vertical and horizontal two-way", while actively introducing international advanced equipment, constantly developing new products and new technologies, and gradually extending the industrial chain to the upstream. At present, the production line of aromatic terephthalic acid (PTA) and polyester (PET, bottle flake, film) and polyester filament (POY, FDY, DTY) has been formed from aromatics to downstream. In addition, the group built in Zhoushan 40 million tons / year refining and chemical integration project, the project is known as the largest private enterprise investment projects in China, with a total investment of 173 billion yuan.

　　 Rongsheng Formosa Petrochemical Co ranked 100 in fortune China in 2019. It is one of the leading enterprises in Sinopec chemical fiber industry. In the first half of 2019, it achieved operating income of 39 billion 492 million yuan and a net profit of 1 billion 46 million yuan. By 2020, 200 billion yuan of business revenue and 20 billion yuan of profits and taxes were the operating objectives of Zhejiang Rongsheng group on the official website.

Rongsheng Petrochemical announced in May 20th that the "40 million ton / year refining and chemical integration project (phase I)" invested by Zhejiang Petrochemical Company in Zhoushan green petrochemical base has completed the preliminary work of engineering construction, equipment installation and commissioning. According to the actual progress, the company put the first batch of equipment (atmospheric and vacuum distillation and related utilities) into operation.

The commissioning of the project will help the company to build an integrated industrial chain of "crude oil aromatics (PX), olefin -PTA, MEG- polyester spinning and blasting", so as to achieve high quality and efficient scale production, reduce product costs, further enhance the profitability of the company, enhance the company's overall strength and ability to resist risks, and achieve leapfrog development. On the other hand, it will improve China's discourse rights in the aromatics and ethylene industry to a certain extent, and promote the production, processing and sales of chemical products in the middle and lower reaches, so as to achieve the economic and social benefits of the company.

Heng Yi: Brunei PMB petrochemical project commissioning, to achieve internationalization of upstream industries, to achieve "a drop of oil, two silk" target

Recent progress has been made in the refinery project of Hengyi group. In July 12th, Hengyi Brunei PMB petrochemical project came out with good news: the comprehensive trial run smoothly, and is expected to enter the commercial operation stage quickly. Heng Yi group said that this will have a positive impact on the company's overall performance.

Hengyi Brunei PMB petrochemical project is located in Brunei Dassault, great Mora Island, Brunei, and is the first overseas large-scale petrochemical project to fully implement the Chinese standard. The total investment of the first phase of the project is US $3 billion 450 million, to build 8 million tons of crude oil processing capacity, 1 million 500 thousand tons of p-xylene, 500 thousand tons of benzene production capacity, and 6 million tons of gasoline, kerosene, diesel and other products.

At present, the two phase of the project is being vigorously promoted. After the completion of the project, 14 million tons of crude oil processing capacity will be added, and 2 million tons of para xylene and 1 million 500 thousand tons of ethylene and refined oil will be produced.

Heng Yi Petrochemical said that Hengyi Brunei PMB petrochemical project will help Hengyi petrochemical industry chain extend further, effectively break through the bottleneck of raw materials, and open up the "last mile" of the entire Petrochemical Fiber industry chain, and achieve the strategic layout of "industrial chain integration". After the project is put into operation, the raw material supply pattern of the existing PTA- polyester industry chain can be greatly improved, and the market risk of raw material supply can be resolved, so as to further enhance and consolidate the core competitiveness of the main business.

After the project is put into operation, Hengyi will realize the internationalization of upstream industries, complete the coordinated allocation of assets inside and outside the country, and significantly enhance the overall profitability and risk resilience of the company, so as to truly achieve the goal of "one drop of oil and two threads" and gradually form a good pattern of international linkage and coordinated development.

The two major chemical fiber giants are refreshing the world's recognition of them again and again, and again and again the breadth and depth of Sinopec's polyester enterprise innovation.

According to statistics, the average transnational index of the top 30 enterprises in 2019 was 36.89%, an increase of 3.97 percentage points compared with 2018, which was significantly higher than that of the 2019 multinational corporations in China (15.96%). The Rongsheng and Hengyi group is among the top thirty. This is a good embodiment of chemical fiber enterprises' pioneering spirit and enterprising spirit. It is the best proof for the development and expansion of private chemical fiber enterprises.