zhejiang rongsheng holding group co ltd supplier

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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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Zhejiang Rongsheng Holding Group is an investment holding enterprise established on the basis of Rongsheng Chemical Fiber group in 2006. The group owns over 10 holding subsidiary companies and adopts normative systems of parent company and its subsidiaries.

Zhejiang Rongsheng Holding Group carries out the functions of strategy orienting, resources integration and management supervising. It also provides support for all the subsidiary companies in the fields of finance, information, management, brand and culture. The investment covers the fields of petrochemical industry, chemical fiber, real estate, logistics and trade, which forms a multi-operation pattern.

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The Zhejiang Federation of Enterprises, the Zhejiang Entrepreneur Association, and the Zhejiang Industrial Economy Federation recently released the "Top 100 Zhejiang Enterprises in 2021," "Top 100 Zhejiang Manufacturers in 2021," and the "Top 100 Zhejiang Service Firms in 2021" lists.

The annual revenue figure threshold for a company to enter the first list was 19.8 billion yuan ($3.07 billion), up 15.9 percent from the figure for the 2020 list.

The top 100 Zhejiang enterprises were made up of 80 privately owned companies, 19 State-owned companies, and one with mixed ownership. Collectively, they generated 7.32 trillion yuan in operating revenue and 482.6 billion yuan in profits, up 7.46 percent and 12.88 percent from the corresponding figures for the 2020 list.

Twenty companies on the list had operating revenue exceeding 100 billion yuan. The top three in this regard were Alibaba (717.28 billion yuan), Geely (325.6 billion yuan), and Rongsheng (308.6 billion yuan).

The companies on the top 100 Zhejiang manufacturers list saw their operating revenue, profits, and assets grow by 8.68 percent, 16.41 percent, as well as 16.27 percent year-on-year respectively.

In comparison, the companies on the top 100 Zhejiang service firms list saw their operating revenue, profits, and assets grow by 7.62 percent, 17.81 percent, and 23.03 percent respectively.

SINGAPORE, Dec 5 (Reuters) - Chinese conglomerate Zhejiang Rongsheng Holding Group has hired a senior crude oil trader to be based in its Singapore office, a company official said on Tuesday.

Trader Ray Liu, formerly from BB Energy and Sinochem Corp, will join Rongsheng International Trading Co in January, said the official who declined to be named.

The company set up a trading office in Singapore last year which will handle crude purchases as well as the trading of oil products and petrochemicals.

The Zhoushan petrochemical complex is being developed in one of seven new large industrial sites being developed in Zhoushan Island. The sites are being developed as part of the Chinese government’s national economic development plan.

The 400,000 barrels-per-day oil refinery will be accompanied by two ethylene plants. It will also include an oleflex propane dehydrogenation unit, which is expected to produce 600,000t of polymer-grade propylene.

The complex will also host a 3.5Mtpa diesel hydro-cracking unit comprising two reactors named, 1135-R-0102 and 1135-R-0101, both of which were installed in May 2018. The single cracking furnace is expected to have an annual output of 200,000t of ethylene.

Honeywell’s Experion Distributed Control System will be used to control the refining and petrochemical process units. The control system will provide a faster and easy to use operator interface for process control, safety systems, and automation software under a single architectural platform.

The integrated refinery and petrochemical project is expected to produce more than 20 petrochemical products such as gasoline, diesel, jet coal, paraxylene, high-end polyolefin, and polycarbonate. Aromatics for plastic resins, films, and fibers will be produced in the first phase, using Honeywell"s UOP technology.

The second phase of the project is expected to double the plant’s processing capacity to 40Mtpa. It will produce 4.8Mtpa of paraxylene using a two-train LD Parex aromatics complex.

The refinery will utilize three UOP Unicracking process units to convert vacuum gas oil and distillate into petrochemical feedstock. The phase will also include production facilities for aromatics and blend stocks along with normal butane.

Yokogawa China, a subsidiary of Yokogawa Electric Corporation, was awarded the contract for supplying 190 Yokogawa GC8000 gas chromatographs for the first phase of operations.

Eni was awarded the contract for the construction of two refining lines for the project, while Hangzhou Hangyang designed and manufactured the cold box of the air separation plant.