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

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 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. 1 2 "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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