Founded on October 18, 1994, Zhejiang Hengyi Group Co., Ltd. is the pioneer of modern enterprise system in Zhejiang. It was the first business group under modern enterprise system to be approved by the provincial government upon the establishment of Company Law in China. Today, Hengyi is a large modern private enterprise with highly integrated industrial chain and complementing core and secondary businesses. Hengyi’s core businesses are PTA (Purified Terephthalic Acid) manufacturing, polyester spinning and chemical fiber elasticizing. The company is also involved in secondary businesses such as financial investment and international trading. As the largest supplier of textile raw material in China, Hengyi now has over 20 billion Yuan of total assets and 7000 employees. It has been ranked as one of the Top 500 Enterprises in China and one of the Top 100 Enterprises in Zhejiang province for many years.
Hengyi people are focused and persistent at pursuing excellence. Setting the strategic objective as "consolidating and enhancing the competitive power of the core business", Hengyi continues to increase its capability in chemical fibre industry and broaden its product range along the petrochemicals value chain.
Hengyi has always been a pioneer. It was the first private enterprise to enter polyester melting direct spinning and again the first private enterprise to enter PTA manufacturing in China. It has built a caprolactam plant, which has a production line that has the largest capacity for a single CPL line in the world.
Hengyi people hold the innovation banner high and continue to strengthen the company’s capability in research and development. We believe in the power of business in creating innovation. In 2003, Hengyi established a state-level postdoctoral research center and became the first private enterprise to have a state-level enterprise technology center in China. Our large capacity polyester plant equipment serialization project won National Award for Science and Technology Progress. Hengyi has also been awarded as the Chinese Textile Technical Innovation Model Enterprise and Zhejiang Management Innovation Model Enterprise.
As a company with the National Quality Management Advanced Unit honor, Hengyi considers quality a cornerstone for success. Throughout the company’s history, Hengyi makes great efforts in raising product quality, enforcing clean production environment, and managing the company with great attention to details. Our core product “Hengyi” polyester filament yarn has won the title of Famous Chinese Brand and is listed as a National Inspection-Free Product.