zhejiang rongsheng holding group co ltd made in china

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This company operates as a holding firm for a group of subsidiaries engaged in polyester, spinning, false-twisting, coal chemicals, real estate, venture investment business activities. It was incorporated in 2006 and has its registered office in Hangzhou, China. As a holding company, it handles the administrative affairs and services and grants management services to its subsidiaries, as well as provides financial support and control function for the board. Furthermore, the firm is responsible for managing the group and its overall legal structure, tax planning, financial and equity structures. It is also in -charge in various matters relating to policy, strategic planning, marketing, selecting and manning senior management positions, approving investments and budgets, and the overall ongoing monitoring of the group"s performance.

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Established in 1989 and located at Xiaoshan, Hangzhou, Zhejiang Rongsheng Holding Group Co Ltd has developed into a modern business group that excels in areas such as petrochemicals, chemical fibers, real estate and financial investment. It ranks 176th on the list of China’s Top 500 Enterprises, and 34th in China Top 100 Private Enterprises.

The group has recently developed a complete production line from aromatic hydrocarbon to downstream pure terephthalic acid (PTA), polyethylene terephthalate (PET, including bottle-grade PET, film) and polyester yarn (POY, FDY, DTY).

In the real estate industry, the group has established two major sectors: Shengyuan Real Estate and Ningbo United. Combining real estate development and the leisure industry, Rongsheng has successfully developed several classic projects such as Xianghu No 1, Liangzhu Cutural Park.

In financial investment, Rongsheng has invested in several commercial financial institutions, and actively engaged in the fields of modern medical treatment, bulk commodities and intellectualization.

Rongsheng group has established several listed companies, including Rongsheng Petrochemical and Ningbo United, covering the petrochemical and real estate industries.

Rongsheng insists on innovative development. Currently, the group has built various technological and scientific innovation platforms such as high-tech research and development centers, a workstation for academicians and experts, an enterprise technology center and a post-doctorate science and research workstation.

Cooperative relationships with Zhejiang University, Zhejiang Sci-Tech University and Tianjin Polytechnic University have been formed. A research and development (R&D) team was also established, gathering experts from many countries and regions. In recent years, Rongsheng group has made fruitful achievements in developing new products and new technology.

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Coal; coal based fuels; coal briquettes; coal dust fuel; coal gas; coal naphtha; coal tar oil; fuel; fuel briquettes, namely, compressed carbon briquettes; fuel gas; fuel mixture, namely, fuels containing a mixture of methanol and coal; fuel pellets; fuel oil; fuels in liquid form; gasoline; grease, namely, lubricating grease, grease for machines; hydrocarbon fuels; hydrocarbon compositions being fuels; industrial fuel oil; industrial gasoline; industrial grease; industrial lubricants; all-purpose lubricants containing low friction additives; lubricants for use in industrial processes; household lubricants having cleaning properties; lubricating agents, other than for medical use, namely, automobile lubricants; lubricating fluids, namely, lubricating oil and grinding fluids; lubricating oil and greases; liquefied petroleum gas; liquefied petroleum gas; kerosene; manufactured solid fuels; mineral coal; mineral fuel; mineral lubricating oils; industrial oil; oil based lubricants in the nature of lubricating oil; oil for the preservation of masonry; industrial oil for surface treatment; petrol; petrol additives in the nature of petrochemicals namely, non-chemical additives for fuel, liquid petroleum gas; petroleum; petroleum by-products, namely, liquefied petroleum gas; petroleum coke; petroleum based dust suppressing compositions, namely, for use in floor care, for use in road building; preparations for absorbing dust, namely, petroleum-based binding compositions; preparations for binding dust, namely, petroleum-based binding compositions; preservatives for the surfaces of buildings, namely, industrial oils; preservatives for cement, namely, industrial oils; preservatives for concrete, namely, industrial oils; solid lubricants for industrial purposes; spray-on industrial lubricants; synthetic lubricants, namely, synthetic lubricating oils; substances for use in absorbing dust, namely, dust absorbing compositions; substances for use in binding dust, namely, dust-binding compositions; wax, namely, wax for use in the manufacture of a wide variety of goods

Apparatus and instruments for conducting, switching, transforming, accumulating, regulating or controlling electricity, namely, electric plugs and electric connectors, batteries; apparatus for analysing substances not for medical use, namely, for measuring temperature and humidity levels for solid substances; apparatus for attracting lightning, namely, lightning rods; apparatus for controlling the supply of electrical current, namely, electric control panels; apparatus for electrical safety protection, namely, voltage surge protectors; apparatus for extinguishing fires; apparatus for the control of electric current, namely, electric control panels; apparatus for the supply of electricity, namely, electric batteries, electric transformers; apparatus for use in fuel measurement, namely, fuel gauges; concrete testing machines; conductors, electric; diagnostic apparatus for industrial use, namely, for testing food; distance measuring instruments; ducting for electric cables; ducting containing electrical conductors for electric cables; electric conductors; electric discharge apparatus, namely, electric discharge tubes, other than for lighting; electrical control apparatus for electric welding machines, namely, welding transformers; electrical control apparatus for use in welding processes, namely, apparatus for controlling electric current in the welding process; electronic distance measuring apparatus; fire control equipment, namely, fire extinguishers; fire extinguishing control apparatus; fire detecting apparatus, namely, fire alarms; fire extinguishers; fire extinguishing apparatus; fire fighting apparatus, namely, fire pump control valves, hose nozzles; fire protection apparatus, namely, fire-resistant protective enclosures; fire resistant gloves; fireproof articles of clothing, namely, garments for protection against fire; footwear for protection against fire; fuel consumption measuring apparatus, namely, fuel gauges; fuel flow measurement apparatus, namely, flow meters, fuel gauges; fuel consumption meters; lightning conductors; material testing apparatus, namely, material testing apparatus for fuels, oils, and lubricants; material testing instruments and machines, namely, material testing instruments and machines for testing metals, for testing synthetics and rubber; measuring tapes; petrochemical analyzers, namely, petrol gauges, liquid analyzers; petrol gauges; scientific apparatus for use in the preparation of materials not for medical use, namely, distillation apparatus for scientific purposes; apparatus for analysing substances in liquids not for medical use, namely, apparatus for analysing substances in liquids for detecting substances resulting from decomposition of a material; computer programs for the petrochemical industries, namely, interactive multimedia computer program, computer program for the compilation of data from petrol gauges

Textile bags or sacks for packaging merchandise materials in bulk; bags or sacks made of synthetic plastics material for bulk transport and storage of materials; bags for the transport and storage of materials in bulk; bags in the nature of sacks for storage; bags made of textile material for merchandise packaging; binding twine made of plastic fibres for textile use; Wrapping or bindings bands, not of metal; cables, not of metal; carbon fibers for textile use; chemical fibers for textile use; bag or sack containers for the transport and storage of materials in bulk; cords made of plastics; cords made of textile fibres; feathers, namely, down feathers, feathers for bedding; semi-synthetic fibers for textile use; fibres being raw synthetic fiber materials for textile use; fibres made of synthetic material, namely, synthetic fibers; flexible containers in the nature of sacks, namely, sacks for the transportation of materials in bulk, for the storage of food; flexible intermediate bulk containers, namely, sacks for transporting materials; loose feathers, namely, down feathers, feathers for bedding; mesh bags for storage; metallic fibers for textile use; natural fibres, namely, natural fibres for use as reinforcements and fillers in composite materials used in the manufacture of a variety of industrial and consumer goods; non-metallic cables; non-metallic ropes; non-metallic twines; non-metallic ties for tying, wrapping and binding for textile use; non-textile bags for the transportation and storage of materials in bulk; non-woven textile fibres; packaging bags or sacks for bulk storage and transportation of materials; packaging bags of textile material; packaging sacks for transporting materials in bulk; polythene bags or sacks for the transport and storage of materials in bulk; raw textile fibre for use in manufacture; raw fibres of carbon for textile use; raw textile fibers; raw fibrous textile materials; sacks, namely, bivouac sacks, horticultural sacks made of woven synthetic or natural fibers for use in growing plants; packaging sacks of textile material; sacks for the transportation and storage of materials; synthetic fibers for textile use; textile fibers; plastic mesh not for packaging and wrapping, namely, plastic-covered mesh fabric growing bags for growing plants; elastic strips of synthetic fibres for textile use; spun polyester fibre for textile use; textile filaments; woven polymeric weaving fibres for conversion into a variety of industrial and consumer goods

Carded yarns in natural fibres for textile use; ceramic fibre yarns for textile use; chemical fiber base mixed thread and yarn; chemical-fiber threads and yarns for textile use; combed yarns made of natural fibres; elastic strips of synthetic fibres thread and yarn for textile use; elastic thread and yarn for textile use; metal fibre thread for textile use; mixed spun threads and yarns; natural yarns; non-metallic yarns for textile use; polyester pre-oriented yarns; polyester textured yarns; rubber thread for textile use; silica threads and yarns; spun polyester fibre thread and yarn for textile use; spun thread and yarn; synthetic fibre thread and yarn; textile yarns; threads for textile use; threads of plastic materials for textile use; weaving fibres for industrial use, namely, sewing threads made of natural and synthetic fibers; twisted thread and yarn; worsted yarn; yarns and threads, for textile use; kits of yarn comprised of wool yarn, spun yarn, embroidery yarn; yarns for textile use applications; yarns made of natural fibres for textile use; yarns made of synthetic material for textile use; semi-synthetic fiber thread and yarn; carded threads in natural fibres for textile use; non-metallic binding thread

Acquisition for financial investment, namely, investment services in the nature of asset and investment acquisition; administration of fund investment of others; administration of investment funds of others; administration of investments, namely, investment of funds of others; agency services for rental of real estate property; arranging finance for construction projects; arranging of leases and rental agreements for real estate; capital investment; venture capital fund management; capital investment in real estate; commercial property investment services; commercial real estate agency services; equity capital investment; debt and private equity financing services; financial investment services, namely, brokerage services, analysis and stock research; financing of investments; financing of industrial activities; financing of real estate or property developments projects; funds investment; industrial financing services for industrial activities; industrial investment, namely, financing of industrial activities; investment of funds; leasing of real estate; leasing of farms; leasing of apartments; management of apartments; management of a capital investment fund; management of buildings; real estate services, namely, management of commercial property; real estate services, namely, management of real estate; monitoring of investment funds; pawn brokerage; pawn brokerage; pawnshops; financial services, namely, money lending; credit and loan services; personal credit and loan services; real estate agency services; real estate management services; real estate administration, namely, investment, brokerage, management real estate services; real estate financing services; real estate investment services; real estate management services; rental of farms; Real estate rental services, namely, rental of flats; Real estate rental services, namely, rental of houses; Real estate rental services, namely, rental of offices; Real estate rental services, namely, rental of immovable property in the nature of houses, and commercial property; Real estate rental services, namely, rental of property in the nature of residential, office buildings, commercial property; rental of real estate; Real estate rental services, namely, rental of commercial premises

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Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright © FactSet Research Systems Inc. All rights reserved. Source: FactSet

Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones

Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Change value during the period between open outcry settle and the commencement of the next day"s trading is calculated as the difference between the last trade and the prior day"s settle. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Source: FactSet

Data are provided "as is" for informational purposes only and are not intended for trading purposes. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Data may be intentionally delayed pursuant to supplier requirements.

Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SINGAPORE/DUBAI/BEIJING, Feb 21 (Reuters) - Saudi Aramco plans to sign preliminary deals to invest in two oil refining and petrochemical complexes in China during Saudi Arabian Crown Prince Mohammed bin Salman’s state visit to Beijing this week, according to sources familiar with the plans.

Saudi Aramco, the world’s top oil exporter, will sign a memorandum of understanding (MOU) to build a refinery and petrochemical project in the northeastern Chinese province of Liaoning in a joint venture with China’s defence conglomerate Norinco, said three sources with knowledge of the matter.

Aramco is also expected to formalise an earlier plan to take a minority stake in Zhejiang Petrochemical, controlled by private Chinese chemical group Zhejiang Rongsheng Holding Group , said two sources with knowledge of this particular deal. Zhejiang Petrochemical is building a refinery and petrochemical complex in eastern Chinese province of Zhejiang.

The investments could help Saudi Arabia regain its place as the top oil exporter to China, which it has relinquished to Russia for the past three years. Saudi Aramco is poised to bolster its market share by signing supply agreements with non-state Chinese refiners.

It is not clear what new details will be in the MOU with Norinco expected during the visit, as the two companies first announced an alliance in May 2017 during Saudi ruler King Salman’s visit to Beijing.

Under that earlier MOU, the companies agreed to build a refinery capable of processing 300,000 barrels per day of crude and a facility that would make 1 million tonnes per year of ethylene, a building block for petrochemicals, at an estimated cost of over $10 billion.

A senior Aramco executive said last June he expected the front-end engineering for the Norinco project to be finished by mid-2019, following which the company will take a final investment decision.

The agreement follows an earlier MOU that Aramco signed in October to invest in Zhejiang’s project, which is planned as a refinery to process 400,000 bpd of crude and associated petrochemical facilities in the city of Zhoushan, south of Shanghai.

Reuters was not able to immediately reach Zhoushan Ocean Development and Investment Co Ltd, which holds the 9 percent stake in Zhejiang Petrochemical for the provincial government, for a comment.

The Saudi delegation, including top executives from Aramco, arrived in Beijing on Thursday for a two-day visit, part of the crown prince’s Asia tour, during which the kingdom has pledged $20 billion of investment in Pakistan and sought additional investment in India’s refining industry.