rongsheng fishers brands

Hong Kong: As is common for Chinese firms that have suffered embarrassing financial setbacks, a famous name in shipbuilding is mulling a change in brand and focus. China Rongsheng Heavy Industries, the largest private shipbuilder in China, is considering changing its name to China Huarong Energy Company.

Rongsheng has been one of the highest profile casualties from the shipbuilding downturn. Earlier reports had suggested that the Hong Kong-listed entity would be restructured with state-run yard conglomerate CSSC coming in to help it out. [30/10/14]

Zhejiang Rongsheng Paper Industry Holding Co., Ltd. is one of the leading packaging board manufacturers in China. The company is located in Pinghu City, Zhejiang Province, China and was founded in 1980. Rongsheng Paper, with a paper capacity of 600,000 t/year, produces kraftliner, high-strength corrugated paper and coreboard .

Their PM 8 recently underwent a successful rebuild. A Bellmer TurboPress Shoe Press now replaces the original jumbo roll press at the second press nip. Zhejiang Rongsheng Paper opted for new shoe press innovation technology in the TurboPress. The special shoe design ensures a perfect line load, higher dry content, uniform CD moisture profile and maximum belt lifetime. The counter roll TurboRoll SZ with hydrostatic line load runs smoothly and requires little maintenance. The load at the edges can be adjusted separately to the moisture profile.

In terms of country distribution, chemical companies from the U.S., Japan, China, and Germany predominate, with 28, 16, 13, and 9 companies from the four countries on the list, respectively. Among the 13 Chinese finalists, Hengli Petrochemicals and Rongsheng Petrochemicals rose significantly in ranking, with Hengli Petrochemicals rising from 27th to 14th last year and Rongsheng Petrochemicals rising from 51st to 24th last year. 2021 Ranking2020 RankingCompany(Headquarters)Chemicals Sales in 2020(Billion Dollar)

The following is a rough introduction to the 4 domestic companies Sinopec, Hengli Petrochemical, Rongsheng Petrochemical, and Wanhua Chemical 2021 quarter 1 and 2 results.

On the evening of August 12, 2021, Rongsheng Petrochemical released its 2021 semi-annual report, during which the listed company achieved operating revenue of 84.416 billion yuan, up 67.88% year-on-year, and a net profit of 6.566 billion yuan, up 104.69% year-on-year, with basic earnings per share of 0.65 yuan.

For the reasons for the change in performance, Rongsheng Petrochemical said that the overall production of refining and chemical projects is steadily climbing, contributing to the incremental performance of the company; the spread of raw material products has expanded, and the profitability space is significantly improved. In addition, since this year, the global economic resonance recovery, downstream demand rebounded significantly, crude oil-PX-PTA-polyester and crude-chemical industry chain boom continued to recover, so the company’s industry chain product costs and product spreads have expanded, and profitability increased significantly.