Stand up bravely and ride the tide, and spread good news at the beginning of the new year. With the planned new and expanded production projects of its holding companies in 2020 successfully put into operation, Hengyi Group’s annual polymerization capacity has reached 10.06 million tons, taking the lead among global peers to break through the 10 million tons mark.
China’s first private enterprise’s polyester melt direct spinning production line was successfully put into operation in Zhejiang Hengyi Polymer Co., Ltd.
Since 2001 On May 18, 2018, Hengyi Group took the lead in building the first polyester melt direct spinning production line among private enterprises in the country. Over the past 20 years, Hengyi Group has been determined and hardworking, breaking the ice and sailing across the sea, bravely rising to the forefront to brave the rapids, and creating another brand. The brilliance of one has rewritten the development pattern of the polyester industry in China and even the world.
In the vast history, 20 years is just a blink of an eye. However, it was in this “moment” that Hengyi Group adhered to the backward integration strategy, formed an industrial pattern of “one drop of oil, two threads”, and became a hundred billion-level multinational enterprise group with integrated operation of the entire industry chain. In the past 20 years, Hengyi Group started from Xiaoshan Yaqian and overcame obstacles and expanded its territory. Especially since 2017, Hengyi Group has seized the opportunity of supply-side structural reform, actively used capital power, and achieved millions of tons of polyester production at the fastest speed and lowest cost through multiple acquisitions and mergers. Massive expansion of production capacity.
Aerial photography of Haining Hengyi production base
“10 million tons”, for Hengyi Group Said, it is not just a number, but also a landmark event. It marks that Hengyi Group’s “column-shaped” industrial structure is more optimized, the polyester, nylon and “double fiber” industrial layout is more complete, and the market voice is more powerful. “Now each of our chemical fiber factories is equivalent to the gas stations of upstream PTA and PX. It may not be a very profitable product, but it is a channel to ensure upstream competitiveness and a cash flow platform.” Hengyi Qiu Jianlin, chairman of the group, said this in a joint interview with Shanghai Securities News and Securities Times.
The road to Xiongguan is really like iron, but now we are crossing it from the beginning. Under the new economic pattern of “internal circulation” promoting “dual circulation”, according to the development blueprint drawn by Hengyi Group’s “Sixth Five-Year Plan” from 2021 to 2025, it will adhere to the petrochemical industry as the core and closely focus on high-quality development and innovative development, in accordance with the trinity development model of “headquarters + scientific research + base”, actively build 1 platform, 2 centers and 6 bases to better achieve “upstream and downstream collaboration, domestic and overseas linkage, software and hardware supporting”, and become A world-class comprehensive petrochemical-chemical fiber service provider.
Night view of the main unit plant area of Hengyi Brunei PMB petrochemical project</p
