zhejiang rongsheng holding group made in china

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.

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.

(Reuters) Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800 Mbpd in 2020, two years after the first phase starts up, senior company officials said Thursday.

The project, a venture among private companies led by Rongsheng, is planning to start up the 400 Mbpd first phase in 2018, aiming to meet the group"s requirements for petrochemical feedstocks.

SINGAPORE, Sept 8 (Reuters) - Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800,000 barrels per day (bpd) in 2020, two years after the first phase starts up, senior company officials said on Thursday.

The project, a venture among private companies led by Rongsheng, is planning to start up the 400,000 bpd first phase in 2018, aiming to meet the group’s requirements for petrochemical feedstocks.

BEIJING, Aug 14 (Reuters) - Rongsheng Petrochemical , the listed arm of a major shareholder in one of China’s biggest private oil refineries, expects demand for energy and chemical products to return to normal in the country in the second half of this year.

The Zhejiang-based Chinese private refiner saw profit more than triple in the first half of 2020, bolstered by the launch of its 400,000 barrel-per-day Zhejiang Petrochemical Co (ZPC), according to a stock exchange filing earlier this week.

Rongsheng expects to start trial operations of the second phase of the refining project, adding another 400,000 bpd of refining capacity and 1.4 million tonnes of ethylene production capacity in the fourth quarter of 2020.

“We expect the effects of the coronavirus pandemic on energy and chemicals to have basically faded in spite of the possibility of new waves of outbreak,” said Quan Weiying, board secretary of Rongsheng, in response to Reuters questions in an online briefing.

But Li Shuirong, president of Rongsheng, told the briefing that it was still in the process of applying for an export quota and would adjust production based on market demand. (Reporting by Muyu Xu and Chen Aizhu; Editing by Jacqueline Wong)

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19 Rongsheng G1 1,000,000,000 2 years 994,614,150.95 1,002,893,069.59 48,854,246.58 2,452,683.83 1,054,200,000.00

20 Rongsheng G1 1,000,000,000 4 years (2 + 2) 995,452,830.20 1,029,248,500.45 47,700,000.04 1,211,525.65 47,747,169.81 1,030,412,856.33

20 Rongsheng G2 1,000,000,000 995,405,660.39 1,011,504,472.60 47,834,246.60 1,172,688.86 47,994,339.62 1,012,517,068.44

fund income Chemical Integration Project for Zhejiang Petroleum &

technology development in Science and Technology Department of Zhejiang Province

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Li Shuirong (born 1956) is a Chinese billionaire and businessman, the chairman of the Zhejiang Rongsheng Holding Group[zh], which produces petrochemicals.

In 1989, Li Shuirong founded the Yinong Network Chemical Fiber Factory that produced polyester fiber cloth. After the polyester industry shifted upstream, he founded the Zhejiang Rongsheng Holding Group.