Zhejiang Hengyi Group

Zhejiang Hengyi Group Co., Ltd. is a large modern private enterprise specializing in petrochemical and chemical fiber raw material production. Its predecessor was a knitting mill founded in 1974, and it was formally organized as a group in 1994. It controls the listed company Hengyi Petrochemical Co., Ltd. (000703.SZ) and holds a stake in Zheshang Bank.

The predecessor of Zhejiang Hengyi Group was the Xiaoshan County Ya Qian Commune Knitting Mill, founded in 1974. In 1994 it was formally organized as Zhejiang Hengyi Group Co., Ltd. The group states that it follows a backward integration development path and has established a 'petrochemical+' strategic concept covering petrochemical industry, petrochemical trade, petrochemical finance, and petrochemical logistics. It was among the first private enterprises in China to enter polyester melt direct spinning and PTA projects. Its controlled company, Hengyi Petrochemical Co., Ltd., was listed on the Shenzhen Stock Exchange in June 2011 with stock code 000703.SZ. The group's Brunei refining and chemical project, a key 'Belt and Road' project, had its Phase I fully completed and put into operation in November 2019.

1. 1浙江恒逸集团有限公司hengyi.com
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5. 5Zhejiang Hengyi Groupwikidata.org
6. 6浙江恒逸集團zh.wikipedia.org
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