In recent years, with the significant increase in regional concentration, the proportion of chemical fiber output in the central and eastern regions, such as Shandong, Jiangsu, Henan, and Anhui, has declined, and output has concentrated in Zhejiang, which accounts for the highest proportion. The base is also facing transformation and upgrading.
Take Xiaoshan, Zhejiang as an example. The chemical fiber industry is extraordinary for Xiaoshan. 16.5% of the country’s production capacity and 12.3% of the world’s production capacity come from here.
This year, the Xiaoshan government announced on its website that it plans to close 1,000 companies (workshops); 1,000 companies will be renovated and upgraded; all 8 recycled fiber companies will be shut down; ) 2 enterprises, from the current 14 to less than 12; shut down the printing and dyeing enterprises within the city circle, and integrate the existing 35 printing and dyeing enterprises into no more than 19 enterprises…
Among them One idea is to strategically integrate the existing more than 700 chemical fiber textile companies with industry leading companies such as Rongsheng and Hengyi as carriers, so that the agglomerated industrial efficiency will be at the global leading level. The leadership of leading enterprises is of great significance to high-quality economic development.
Rongsheng and Hengyi were included in the “Eagle Plan” and Zhejiang Province named them for key training
A few days ago, the Zhejiang Provincial Department of Economics and Information Technology announced the first batch of ” A total of 68 companies are on the list of companies cultivated by “Operation Eagle” in the province. Among them, Xiaoshan companies occupy 4 seats, and chemical fiber companies occupy two seats, namely Rongsheng and Hengyi, reflecting the strong strength of Xiaoshan’s leading chemical fiber manufacturing companies. .
“To cultivate first-class enterprises with global competitiveness, the province has clarified a series of selection mechanisms. For example, in terms of selection quantity, it is proposed to focus on key areas and select about 100 enterprises every year to include Eagle Action’s enterprise cultivation library carries out key cultivation.” said the relevant person in charge of the District Economic and Information Bureau.
From the perspective of the key areas of “Operation Eagle”, it mainly focuses on green petrochemicals, automobile manufacturing, digital economy, high-end equipment, pharmaceutical chemicals, fashion consumption, etc., to cultivate a group of companies with strong resource allocation capabilities and international market share. Enterprises with high efficiency and core competitiveness, a group of enterprises with strong innovation capabilities and among the best in the world, and a group of new economic enterprises that seize development opportunities and play a leading role in the same industry around the world.
The two Xiaoshan chemical fiber companies listed this time have well-known names in the industry. They can be regarded as “leaders” in terms of scale, technological innovation, etc.
Hundreds of billions of enterprises
High-quality projects of 2 companies on the list
Rongsheng Petrochemical’s 40 million tons/year refining and chemical integration project in Zhoushan was successfully put into operation, building an integrated industrial chain of “crude oil-aromatics (PX), olefins-PTA, MEG-polyester-spinning-texturing”;
Zhejiang Petrochemical Refining and Chemical Integrated Project Rendering
The first phase of the Hengyi Petrochemical Brunei Refining and Chemical Project was fully put into production, with an annual crude oil Processing capacity of 8 million tons;
Aerial photo of Hengyi Brunei PMB petrochemical project
Xiaoshan’s transformation and upgrading, Leading enterprises serve as carriers to drive strategic integration
At the same time, in response to the government’s call, chemical fiber industry giants such as Rongsheng and Hengyi have set an example. These two private giants are using their own This method gradually enhances the industry’s voice and changes the market structure.
1. The industrial chain extends upstream, and Rongsheng has become one of the largest PTA manufacturers in the world
Rongsheng Petrochemical is headquartered in Xiaoshan District, Hangzhou , adjacent to Xiaoshan International Airport and China Textile City, the company is mainly engaged in the production and sales of petrochemical and chemical fiber related products, with 2 million tons of aromatics, more than 13 million tons of purified terephthalic acid (PTA), more than 3 million tons of polyester, With an annual production capacity of 1.3 million tons of spinning and 400,000 tons of texturing, the company has successively deployed the PTA industry in Ningbo, Dalian and Hainan through strong alliances, becoming one of the world’s largest PTA manufacturers.
Rongsheng’s official website shows that the group adheres to the “vertical and horizontal two-way” development strategy, while actively introducing international advanced equipment and constantly developing new products and technologies, while gradually extending the industrial chain upstream. Currently, its 40-million-ton large-scale green refining and chemical integration project in Zhoushan is under construction. This project is known as the largest investment project in the history of Chinese private enterprises, with a total investment of 173 billion yuan.
This year’s Fortune China 500 rankings consider the performance and achievements of the world’s largest Chinese listed companies in the past year, and the chemical fiber textile companies shortlisted for the 2019 China Top 500 rankings There are 7 companies in total, among which Rongsheng Petrochemical Co., Ltd. ranks the highest, ranking 100th.
In the first half of 2019, Rongsheng Petrochemical achieved operating income of 39.492 billion yuan and net profit of 1.046 billion yuan. By 2020, achieving operating income of 200 billion yuan and profits and taxes of 20 billion yuan is the business goal disclosed by Zhejiang Rongsheng Group on its official website.
2. Dual industriesChain-driven development, Hengyi Petrochemical may become the largest polyester manufacturer in China
Also in the Fortune China 500 list, Hengyi Petrochemical has an operating income of 84.948 billion yuan and a net profit of 84.948 billion yuan in 2018. With an impressive profit of 1.962 billion yuan, it ranked 109th, climbing 14 places compared to last year.
In recent years, Hengyi Petrochemical has seized the favorable opportunity of steady growth in the industry and adopted an innovative and diversified approach of “capital + mergers and acquisitions + integration” to absorb and integrate high-quality production capacity in the industry to further improve the industrial layout. Currently, it has formed an industry-wide The leading “polyester + nylon” dual industry chain-driven development model.
Hengyi Petrochemical has rapidly expanded a batch of polyester filament production capacity through mergers and acquisitions and organic growth in the past two years, enjoying the profit increase brought by the business cycle. The company is actively promoting the “One Belt and One Road” global development, and has jointly built a 25-million-ton refining and chemical integration project in Pulau Muara (PMB) with the Brunei government. This project will help Hengyi’s petrochemical industry chain to further extend upward. It can effectively break through the raw material bottleneck, open up the “last mile” of the entire petrochemical and chemical fiber industry chain, and realize the strategic layout of “industrial chain integration”.
Brunei PMB petrochemical project plant area
Since this year, the production capacity acquired three times (formerly Hongjian, original Longteng and Minghui), making Hengyi Group’s domestic production capacity jump up. Just from the perspective of production capacity, its position in the industry is no longer the same.
It is reported that the 200,000-ton polyester unit of Jiaxing Yipeng Chemical Fiber Co., Ltd. (formerly Longteng) has restarted on May 11, and is fully equipped with FDY spinning production lines; it only took 72 days from registration to production! The 200,000-ton polyester unit of Jiaxing Yijing Chemical Fiber Co., Ltd. (formerly Hongjian) also restarted on May 18. Another 400,000-ton polyester unit and about 50,000 tons of chip spinning production capacity were also restarted one after another.
If the relevant projects are fully put into production and entered into the listed companies in the next 1-2 years, Hengyi Petrochemical is expected to quickly become a leading enterprise in the domestic polyester filament industry.
Industry insiders predict that by the end of 2020, Hengyi Petrochemical’s polymerization capacity will exceed 7 million tons, making it the largest polyester manufacturer in China; the production of PTA and polyester filament has basically been completed. Downstream integrated matching. </p
