Tongkun Group Co., Ltd.
Large private Chinese group headquartered in Jiaxing, Zhejiang, whose core business is PTA, polyester and polyester filament yarn manufacturing, with an integrated chain from oil to fabric.
Last updated September 15, 2026
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Overview
Tongkun Group Co., Ltd. (Tongkun Holding Group Co., Ltd.) is a large private enterprise headquartered in Jiaxing, Zhejiang, the birthplace of the 'Red Boat'. Its main business is investing in petroleum refining and manufacturing PTA, polyester and polyester filament yarn, while also spanning aluminium processing, new packaging materials, equipment manufacturing, real estate, logistics, finance, commerce and trade, and new energy. The group's predecessor was Tongxiang County Chemical Fiber Plant, founded in 1981. After more than four decades of development, the group has wholly owned, controlling and equity-participating enterprises numbering in the hundreds, total assets of over 100 billion yuan and nearly 40,000 employees. Its polyester filament yarn segment has entered the capital market, and the group states it has a complete industrial chain 'from a drop of oil to a piece of cloth', with total capacity, global market share and domestic market share all ranking first in the industry.
History
The predecessor of Tongkun Group was Tongxiang County Chemical Fiber Plant, founded in 1981. After more than forty years of development, the group now has wholly owned, controlling and equity-participating enterprises numbering in the hundreds, including manufacturing businesses and a real estate division, with total assets of over 100 billion yuan and nearly 40,000 employees. In 2004, Xi Jinping, then Secretary of the Zhejiang Provincial Party Committee, visited Tongkun for research and affirmed the company's achievements, encouraging it to open up new prospects in accordance with the 'Eight-Eight Strategy'. Over the following 20 years, Tongkun implemented the important instructions, and its annual capacity, total assets and tax revenue each achieved dozens of times of growth, following a path of high-quality development led by high-quality Party building. The group's polyester filament yarn segment has entered the capital market.
Products and positioning
Global leader in the chemical fiber industry with a full industrial chain from oil and gas to filament and fabric; described as a large-scale, differentiated, integrated and intensive advanced manufacturing enterprise.
PTA
Polyester polymerization
Polyester filament yarn
Woven fabric
Sources5 sources
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