The 2020 Fortune China 500 ranking is newly released, taking into account the performance and achievements of the world’s largest Chinese listed companies in the past year. Among them, 6 companies in the chemical fiber industry are on the list, with Hengli Petrochemical, Rongsheng Petrochemical, and Hengyi Petrochemical ranking in the top three respectively. Hengli Petrochemical’s revenue exceeds 100 billion.
Industry The chain integration layout is completed, and the six major polyester and polyester leaders share the market’s top dividends
Under the unsatisfactory macroeconomic situation in recent years, companies with complete industrial chains have stronger competitiveness and risk resistance. Among the six polyester companies on the list, Rongsheng Petrochemical, Tongkun Group, Hengli Co., Ltd., Hengyi Petrochemical, and Dongfang Shenghong are all building “fuel oil/naphtha-paraxylene-PTA-PET-spinning – Texturing” integrated industrial chain, they have all been developed with the idea of ”diversified coordination and global integration”, and have the foundation to move China’s polyester industry towards international development. At the same time, these companies focus on product differentiation in their respective fields. In the face of many environmental interference factors this year, they have found a unique development path, operating their businesses with the concept of “focus and attentiveness”, and have achieved certain results. .
Building a large-scale industrial base cluster across the north and south, Hengli’s performance will explode by leaps and bounds!
It is worth mentioning that Hengli Petrochemical Co., Ltd. has been on the list for four consecutive years. This year it ranks 99th on the list and enters the top 100. In the sub-lists of various industries, Hengli Petrochemical ranks first in the chemical industry. According to the ranking, it also ranks first in the private petrochemical industry!
As the only listing platform of Hengli Group in the entire polyester chemical fiber industry chain business, Hengli Petrochemical has always been committed to starting from “petroleum refining-aromatics, olefins-PTA, ethylene Diol-civilian yarn, industrial yarn, engineering plastics, polyester film” world-class industrial chain scale, coordination and integrated operation and development, respectively established in five places including Suzhou, Dalian, Suqian, Nantong and Yingkou A large industrial base cluster spanning north and south.
In 2019, with the 20 million tons/year refining and chemical integration project fully put into operation, the company’s business integration structure and sustainable profitability have been significantly optimized and improved, and the company’s success in Strategic breakthroughs in key production capacity links of refining and aromatics. The company’s operating income exceeded RMB 100 billion, a year-on-year increase of 67.78%, and its net profit exceeded RMB 10 billion, a year-on-year increase of 197.21%. Both hit record highs, highlighting the explosive performance.
At present, Hengli’s 1.5 million tons/year ethylene project has been fully put into production, and the company’s upstream raw material supply capacity and refining and chemical integration level have been significantly improved; The PTA-5 device with an annual output of 2.5 million tons was successfully started up at the first time, and the annual production capacity of the PTA business field reached 12 million tons. In the future, production capacity of 1.35 million tons/year of multi-functional high-quality new textile materials and 200,000 tons/year of high-performance automotive industrial yarns will be put into production in sequence.
Almost all new production capacity in the next two years will come from industry leaders! The pain of industrial transformation and upgrading, the life and death of small and medium-sized chemical fiber enterprises!
In the upstream of the textile industry chain, the concentration of leading chemical fiber companies is gradually increasing, and their influence on the entire industry chain is also growing. The market shares of the top five companies in the polyester yarn industry in the next two years. Almost all of the new production capacity in the next two years will come from these industry leaders.
In the next two years, the polyester yarn industry will add a total of 7.77 million tons of new production capacity, and the top five manufacturers in the industry alone will contribute 6.4 million tons of additional production capacity.
China’s polyester yarn production capacity pattern in 2020:
With As industry concentration increases, leading chemical fiber companies that occupy leading resources will undoubtedly have an advantage. This is a reshuffle period for the chemical fiber industry. It is also a painful road for industrial transformation and upgrading. It is also a life-or-death disaster for small and medium-sized chemical fiber companies.
Leading companies have more standardized management, introduced more advanced equipment, invested more in research and development, and had huge capital support… making them in this industry Take the lead in the arms race.
And those small chemical fiber companies with low production efficiency and weak competitiveness are in danger of being swallowed up by “big fish”. Therefore, for small and medium-sized chemical fiber companies, it is necessary to adapt to With the general trend of industrial transformation and upgrading, rapid improvement of the core competitiveness of enterprises is the key. </p
