Hengli Group Explained
| Hengli Group |
| Type: | Private |
| Industry: | petrochemicals, textiles |
| Founders: | Chen Jianhua and Fan Hongwei |
| Hq Location City: | Suzhou |
| Hq Location Country: | China |
| Area Served: | Worldwide |
| Key People: | Chen Jianhua (chairperson) |
| Traded As: |
|
| Num Employees: | 170,125[1] |
| Num Employees Year: | 2021 |
| Revenue: | US$90 billion |
| Revenue Year: | 2021 |
| S: | 恒力集团有限公司 |
| T: | 恆力集團有限公司 |
| P: | Héng lì jítuán yǒuxiàn gōngsī |
| L: | Consistent-Energy Group Company Limited |
The Hengli Group (Chinese: s=恒力集团,) is a Chinese company active in oil refining, petrochemicals, polyesters and textiles. It operates the world's largest terephthalic acid (PTA) factory.[2]
Hengli was founded in Suzhou as a weaving factory in 1994 by husband and wife Chen Jianhua and Fan Hongwei.[3]
One of the world's largest companies, Hengli was ranked 67th in the Fortune Global 500 for 2021, and 3rd on a list of China's top 500 Private Enterprises.[4] [5] [6]
It is described as "focused on energy efficiency in both their products and processes."[7] [8]
In 2020, environmentalists criticised the Hengli Group's plans to begin manufacturing plastics from coal.[9]
In 2021, the company was criticised for seeking only male candidates for positions as drivers in Guizhou.[10]
Subsidiaries
Three subsidiaries are publicly traded:
- Hengli Petrochemical Co., Ltd., (“Hengli Petrochemical Co., Ltd.” Stock Code: 600346.SH)
- Guangdong Songfa Ceramics Co., Ltd. ("Songfa INC." Stock Code: 603268.SH)
- Suzhou Wujiang Tongli Lake Co., Ltd. (“Tongli Tourism” Stock Code: 834199.OC)
Hongli has production bases in Suzhou, Dalian, Suqian, Nantong, Yingkou, Luzhou, Yulin, Huizhou and Guiyang.[11]
Notes and References
- Web site: Fortune Entry . Fortune . Fortune Magazine . 6 March 2024.
- News: China's private chemical giant Hengli wins approval for crude oil quota. Reuters . April 20, 2018. www.reuters.com.
- News: China's Hengli makes bold $20 billion bet to spin coal into fabric. Reuters . July 29, 2020. www.reuters.com.
- Web site: Hengli Group | 2021 Global 500. Fortune.
- Web site: China's Hengli makes bold $20 billion bet to spin coal into fabric . .
- Web site: Yu . Cheng . 27 September 2021 . China 'is a leader in 4th industrial revolution' . 2024-01-13 . global.chinadaily.com.cn.
- Web site: Jia . Hepeng . 12 January 2022 . China's chemical makers will gain from low-carbon policies (in C&EN's World Chemical Outlook 2022) . 2024-01-13 . Chemical & Engineering News . en.
- Web site: Xinhua . News Agency . February 10, 2022 . Fortune Global 500 company to build polyester industrial park in northeast China . 13 January 2024 . www.macaubusiness.com.
- Web site: China textile giant to make polyester from coal. John. Mowbray. Ecotextile News. 29 July 2020 .
- Web site: Women's Federation Slams Fortune 500 Company's Sexist Hiring Ad. Sixth. Tone. January 22, 2021.
- SixthTone
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- Web site: Hengli Group-Who we are-Our company. www.hengli.com.
