GUANGXI HENGYI NEW MATERIALS CO., LTD.

Zhejiang Hengyi Group Co., Ltd., which was originally founded in 1974, and now it has developed into a large modern private enterprise specializing in the production of petrochemical and chemical fiber raw materials. With the total assets exceeding RMB 160 billion and nearly 30,000 employees, Hengyi Group ranks 220th among the Fortune Global 500 list and 54th of China's Top 500 Enterprises, becoming the world largest chemical fiber manufacturer of PTA-Polyester and CPL-Polyamide industrial chain. Over the five decades of remarkable journey, Hengyi Group has developed its backward integration strategy, and established the “Petrochemical Plus” strategic thinking, covering the petrochemical industry, petrochemical trade, petrochemical finance and petrochemical logistics. Hengyi has taken the lead in successfully setting foot in polyester melt direct spinning and PTA projects among private enterprises in China. The jointly constructed Caprolactam Project between Hengyi and Sinopec has be