Hengli Group

The Hengli Group (Chinese: 恒力集团, KHUNG-lee) is a Chinese company active in oil refining, petrochemicals, polyesters and textiles. It operates the world's largest terephthalic acid (PTA) factory.[2]

Hengli Group
TypePrivate
SSE: 600346
SSE: 603268
NEEQ: 834199
Industrypetrochemicals, textiles
Founded1994 (1994)
FoundersChen Jianhua and Fan Hongwei
Headquarters
Suzhou
,
China
Area served
Worldwide
Key people
Chen Jianhua (chairperson)
RevenueUS$166 billion (2021)
Number of employees
118,496[1] (2021)
Websitehengli.com
Hengli Group
Traditional Chinese恆力集團有限公司
Simplified Chinese恒力集团有限公司
Literal meaningConsistent-Energy Group Company Limited

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.[1][4]

It is described as "focused on energy efficiency in both their products and processes."[5][6]

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.[7]

In 2020, environmentalists criticised the Hengli Group's plans to begin manufacturing plastics from coal.[8]

In 2021, the company was criticised for seeking only male candidates for positions as drivers in Guizhou.[9]

References
  1. "Hengli Group | 2021 Global 500". Fortune.
  2. "China's private chemical giant Hengli wins approval for crude oil quota". Reuters. April 20, 2018 – via www.reuters.com.
  3. "China's Hengli makes bold $20 billion bet to spin coal into fabric". Reuters. July 29, 2020 – via www.reuters.com.
  4. "China 'is a leader in 4th industrial revolution'".
  5. "C&EN's World Chemical Outlook 2022".
  6. "Fortune Global 500 company to build polyester industrial park in northeast China". February 10, 2022.
  7. "Hengli Group-Who we are-Our company". www.hengli.com.
  8. Mowbray, John (29 July 2020). "China textile giant to make polyester from coal". Ecotextile News.
  9. Tone, Sixth (January 22, 2021). "Women's Federation Slams Fortune 500 Company's Sexist Hiring Ad". #SixthTone.
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