Hengli Group
Chinese petrochemical and textile company
From Wikipedia, the free encyclopedia
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]
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| Company type | Private |
|---|---|
| SSE: 600346 SSE: 603268 NEEQ: 834199 | |
| Industry | petrochemicals, textiles |
| Founded | 1994 |
| Founders | Chen Jianhua and Fan Hongwei |
| Headquarters | , |
Area served | Worldwide |
Key people | Chen Jianhua (chairperson) |
| Revenue | US$114.7 billion[1] (2024) |
Number of employees | 173,250[1] (2024) |
| Website | hengli |
| Hengli Group | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 恆力集團有限公司 | ||||||||
| Simplified Chinese | 恒力集团有限公司 | ||||||||
| Literal meaning | Consistent-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.[4][5][6] In 2018, Hengli debuted on World Brand Lab's "World's 500 Most Influential Brands" list at no.436 and climbed to no.379 in 2021.[7]
It is described as "focused on energy efficiency in both their products and processes."[8][9]
In 2020, environmentalists criticised the Hengli Group's plans to begin manufacturing plastics from coal.[10]
In 2021, the company was criticised for seeking only male candidates for positions as drivers in Guizhou.[11]
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.[12]