On April 8, Fortune Chinese released the 50 most influential business leaders in China in 2022. In the past year, China’s business leaders have responded to the crisis with tenacity and courage in special times, and at the same time envisioned the future with vision and confidence. This is their responsibility as entrepreneurs, and it is also an honor bestowed upon them by the times.
Five leaders of textile and chemical fiber companies are on the list
Chen Jianhua Chairman and President of Hengli Group
Fan Hongwei Vice Chairman of Hengli Group and Chairman of Hengli Petrochemical
Li Shuirong, Secretary of the Party Committee and Chairman of Rongsheng Group
Miao Hangen, Chairman of Jiangsu Shenghong Holding Group
Qiu Jianlin Chairman of Hengyi Group
Chen Jianhua Chairman and President of Hengli Group
Fan Hongwei Vice Chairman of Hengli Group and Chairman of Hengli Petrochemical
Fortune Chinese website review
Jiangsu is one of the provinces rich in Chinese private entrepreneurs, the most well-known of which include Liu Qiangdong and Zhang Jindong, the “two easts” in the retail industry. However, the largest private enterprise in this economically powerful province comes from the chemical industry, which is the most upstream of many industries: Hengli Group, run by Chen Jianhua and Fan Hongwei. From the two people’s acquisition of a textile factory on the verge of bankruptcy in the mid-1990s to their investment in the Dalian Changxing Island refining and chemical project in 2010, the company has integrated the industrial chain from petroleum raw materials to textile products and become a refining and chemical giant. In 2021, revenue of over 100 billion US dollars has raised Hengli’s ranking on the Fortune Global 500 to 67th, which is already twice that of Shagang Group, another giant private enterprise in Jiangsu. In the future, the company will continue to enrich the upstream “chemical raw material library” to develop the R&D and manufacturing of high-end new materials downstream, highlighting the advantages of private enterprises in the competition.
Hengli Group was founded in 1994. It is based on its main business and adheres to industry. It is an international enterprise developing through the entire industrial chain of oil refining, petrochemicals, polyester new materials and textiles. The company now has one of the world’s largest PTA factories with the largest production capacity, one of the world’s largest functional fiber production bases and weaving enterprises, with 120,000 employees, and a national “Enterprise Technology Center”. The company’s competitiveness and product brand value rank among the best in the world. At the forefront of the industry.
Hengli Group adheres to the development of the entire industry chain and creates a “crude oil – aromatics, ethylene – purified terephthalic acid (PTA), ethylene glycol – polyester (PET) – civilian and industrial yarns, engineering plastics, films – textiles” Complete industrial chain. At present, the main business covers petroleum refining, chemical industry, new polyester materials, chemical fibers, and textile fabrics. Hengli adheres to the concept of “not lagging behind in 10 years” in project construction, high starting point strategy, high standard planning, high quality construction, high level start-up, and high-efficiency management, creating the world’s petrochemical industry engineering construction speed, full-process start-up speed and The industry record for reaching production capacity the fastest, becoming a benchmark for high-quality development in the industry. In the petrochemical sector, the annual production capacity of the Hengli (Dalian Changxing Island) Industrial Park PTA project reaches 12 million tons. In the polyester new materials sector, Hengli Group has world-leading technical equipment and an annual polymerization capacity of 5 million tons. In the textile sector, as a vertical extension of the group’s industrial chain, Hengli Textile has more than 40,000 production equipment and a production capacity of more than 4 billion meters per year. Hengli Group has built five major industrial bases in Suzhou, Suqian, Nantong, Dalian and Yingkou, and is building new industrial bases in Luzhou and Yulin.
Li Shuirong, Secretary of the Party Committee and Chairman of Rongsheng Group
Fortune Chinese website review
The unknown Yushan Island is located in the waters of the Gray Turtle Ocean at the estuary of Hangzhou Bay. It is one of the Thousand Islands in Zhoushan. In 2019, an integrated refining and chemical facility with an annual output of 40 million tons on the island began to ignite, heat up, and finally ship the products. It took 138 hours to complete the entire process. The company operating the giant facility on the island is Zhejiang Petroleum & Chemical Corporation, a mixed-ownership company controlled by private company Rongsheng. For petroleum refining on this small island, Rongsheng can use the surrounding deep water areas to directly dock for loading and unloading, which greatly reduces the transportation costs of crude oil and refined oil. At the same time, it can stay away from populated land and reduce the risk factor. In 2021, Rongsheng, headquartered in Hangzhou, was shortlisted for the Fortune Global 500 for the first time. Together with three other Jiangsu and Zhejiang private companies, Hengli, Shenghong, and Hengyi, they have jointly directed China’s huge but quiet changes in the past few years.
Zhejiang Rongsheng Group is headquartered in Hangzhou, Zhejiang Province, China. It was founded in 1989. It has developed into a modern enterprise group with petrochemical, chemical fiber, real estate, logistics, venture capital and other industries. As of now, it has total assets of more than 200 billion yuan. Ranked 102nd among the Top 500 Chinese Enterprises and 19th among the Top 500 Chinese Private EnterprisesThe caprolactam (CPL) project with the largest annual production capacity of 200,000 tons… But he himself does not consider himself an entrepreneur with a risk appetite. “I would rather develop slower than others. The bottom line must be maintained.” He said.
Zhejiang Hengyi Group Co., Ltd. is a modern large-scale private enterprise specializing in the production of petrochemical and chemical fiber raw materials. In terms of size, Hengyi Group’s 2019 operating income exceeded the entry threshold for the Fortune Global 500, and it has become an “invisible” Fortune 500 company.
After establishing the group in 1994, Hengyi Group established a backward integration strategy and launched its first five-year development plan in 1996. In the journey of innovation and entrepreneurship, Hengyi Group adheres to the corporate spirit of “never stopping and creating brilliance”, dares to be the first to “eat crabs”, and continues to “break the ice” with the momentum of a pioneer, forming a “one drop of oil, two It has become a modern large-scale multinational enterprise with integrated management of the entire industrial chain.
Hengyi Group adheres to the original intention of “let China’s long textile history shine brightly again in our generation” and the mission of “building a century-old everlasting foundation and establishing a forest of world-famous enterprises”, in accordance with backward integration The development path has established the “Petrochemical +” strategic thinking of petrochemical industry, petrochemical trade, petrochemical finance, and petrochemical logistics. It has been the first among private enterprises in the country to successfully set foot in polyester melt direct spinning and PTA projects, and has jointly built the caprolactam project with Sinopec. The project has been praised as a model for mixed ownership reform. The Hengyi Brunei Refining and Chemical Project, a key project of the “Belt and Road Initiative”, has been hailed as a flagship cooperation project between China and Brunei. The first phase of the project was fully completed and put into operation in November 2019, completely opening up the whole country. The “last mile” of the integrated management of the industrial chain has formed a distinctive and competitive polyester, nylon and double fiber driving model and a “column-shaped” industrial structure among its peers.
Perseverance rewards hard work and high ambitions. Currently, under the new development pattern with the domestic cycle as the main body and the domestic and international dual cycles reinforcing each other, in order to better achieve “upstream and downstream collaboration, domestic and overseas linkage, and supporting software and hardware”, Hengyi Group has formed a The “126” implementation plan, which mainly includes the establishment of a platform, the establishment of 2 centers and the creation of 6 major bases, has drawn a grand blueprint for high-quality development. Hengyi Group takes the ranking of the Fortune Global 500 as an opportunity, seizes every day and works hard, lives up to the time and starts again, unswervingly marches towards the “Two Fifty Years” goal, and writes in the process of realizing the century-old Hengyi dream A glorious chapter worthy of the times!
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