rongsheng petro chemical brands

SINGAPORE, Jun 2, 2022 (China Knowledge) – China’s leading chemical company Rongsheng Petrochemical (002493) has moved up two notches this year to rank the 8th place on Top 10 Most Valuable Chemicals Brands. It is the only Chinese chemical brand that placed in the global top list that include multinational companies like BASF, SABIC, LG Chem, Dow, Linde, LyondellBasel, Asahi Kasei, Mitsubishi Chemical and Shin-Etsu.

This latest Brand Finance Chemical 25 that published on May 31 also places China on the 4th place after Germany, U.S and Japan in terms of total brand value among the selected 25 chemical companies. The brand valuation company Brand Finance is a chartered accountancy firm regulated by the Institute of Chartered Accountants in England and Wales, and adopt internationally recognized standards on Brand Valuation – ISO 10668 and Brand Evaluation – ISO 20671.

With brand value worth US$2.3 bln, up 42.9% year on year, Rongsheng Petrochemical has become the most valuable Chinese brand in this year’s Chemical 25 ranking. Besides brand value, Brand Finance, also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. In accordance to Rongsheng Petrochemical’s evaluation, its brand’s strength index moved up from an A+ rating in 2021 to an AA- rating in 2022.

What differentiate Rongsheng Petrochemical with domestic and foreign peers is the company’s emphasis and commitment on sustainability and green development. For example, it purifies carbon dioxide in its refining-petrochemical integrated complex, and using it to produce downstream chemical products. Renewal energy and material wise it is currently the largest supplier of solar-grade EVA for the photovoltaic industry as well as the largest supplier of food grade recycled PET bottle flakes in China.

In addition to its brand value Rongsheng Holding as a group is also listed in the Fortune Global 500 in terms of sales revenue. Last year the Chinese giant, as a group, was placed 255th with USD 44.7 bln revenue achieved in 2020. The latest Fortune Global 500 in 2022 to be published next month is expected to elevate many placings due to its whopping increase in revenue last year.

Rongsheng Petro Chemical Co, Ltd. specialises in the production and marketing of petrochemical and chemical fibres. Products include PTA yarns, fully drawn polyester yarns (FDY), pre-oriented polyester yarns (POY), polyester textured drawn yarns (DTY), polyester filaments and polyethylene terephthalate (PET) slivers.

Rongsheng Petrochemical (brand value up 43% to US$2.3 billion) achieved very strong growth this year, rising two places in the chemicals ranking and jumpingfrom 10th to 8th place amongst global chemicals brands. The Chinese brand owns various globally significant facilities, including an integrated refining-petrochemical complex with the refining capacity of 40 million tons per annum.

A coalescing of factors has led to arrested growth across the chemicals sector this year, with the brand value of the top 25 most valuable chemicals brands contracting by...

BASF (brand value up 15% to US$8.3 billion) is leading the chemicals industry as chemicals brands across the world return to growth after the widespread disruption of the COVID-19 pandemic, according to a new report from brand valuation consultancy, Brand Finance.

The chemicals industry suffered big losses in brand value during the pandemic, but with big restrictions on economic activity unlikely to be reintroduced in the Western world, most top brands are now above pre-pandemic valuations.

Every year, leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands to the test, and publishes around 100 reports, ranking brands across all sectors and countries. The world’s top 25 most valuable and strongest brands in the chemicals industry are included in the annual Brand Finance Chemicals 25 2022 ranking.

This potential for further growth will offset BASF’s significant costs from the Russian invasion of Ukraine, including the loss of significant assets with Russian and Ukrainian connections. Further, the company’s investments in the Nord Stream 2 gas pipeline create further risks of tarnishing the BASF brand. These issues are correlated with BASF losing its crown as the strongest chemicals brand in the world to DuPont.

“The COVID-19 pandemic brought many restrictions across the world, which had very big and direct impacts on brand values in the chemicals industry,” David Haigh, Chairman and CEO of Brand Finance, said. “As the world looks to a post-COVID future, chemical industry brands, led by BASF, are benefiting from strong demand for their products. Brand values have grown this year and are now largely above pre-pandemic levels.”

DuPont (brand value down 6% to US$1.9 billion) is the strongest chemicals brand in the world with a Brand Strength Index (BSI) of 85.2 out of 100 and a corresponding AAA brand rating. The American brand has achieved a 5.2 point increase in brand strength, and in doing so, has jumped three ranking places amongst chemicals brand to take the crown for strongest chemicals brand.

In previous years, DuPont’s brand strength was subdued by various environmental and employee disputes with associated litigation around the safe and proper disposal of chemicals. However, an increased focus on corporate and social responsibility is improving the brand’s reputation amongst key stakeholders in the industry and communities where it operates.

Rongsheng Petrochemical (brand value up 43% to US$2.3 billion) achieved very strong growth this year, rising two places in the chemicals ranking and jumping from 10th to eighth place amongst global chemicals brands. The Chinese brand owns various globally significant facilities, including an integrated refining-petrochemical complex with the capacity to produce 40 million tons of plastics per annum.

As the world’s largest producer of various plastics, Rongsheng Petrochemical faces both risks and opportunities from increasing global concerns about the usage of plastics and carbon emissions. The brand value of this giant Chinese brand is growing in connection with increased research and development of clean technologies, while its world-leading refining-petrochemical complex recovers and purifies carbon dioxide from the plants for use as feedstock to produce downstream chemical products (polycarbonates).

As a result, the brand has increased 60% in value to US$1.5 billion and is a new entrant to the Top 25 rankings as the 17th most valuable chemicals brand globally.

Rongsheng Petrochemical was founded in 1995 and operates in China. The company engages in the sector "Plastics & Synthetic Rubber in Primary Forms" (ISIC: 2013). This industry belongs to the broader "Chemicals & Related Products" (ISIC: 20) sector. The chemical industry includes large and well-established corporations that manufacture a wide range of products across a variety of markets. Today, the chemical manufacturing sector plays an essential role ─ not only in virtually every economy across the globe, but also within the majority of sectors of those economies. The CEO of the company is Yongqing Li.