Brief introduction of Zhejiang Yisheng Petrochemical Co., Ltd.

Zhejiang Yisheng Petrochemical Co., Ltd. is a modern large-scale private petrochemical enterprise jointly invested by Zhejiang Hengyi Group and Rong Sheng Chemical Fiber Group, pioneers of chemical fiber textile industry in China, specializing in PTA products. The company is located in Ningbo Economic and Technological Development Zone, covering an area of 1030 mu, with a planned total investment of1000 billion yuan. By 2009, three sets of PTA production facilities will be completed and put into operation, with an annual total production capacity of 2 million tons and a total sales income of over160 billion yuan, making it one of the largest PTA production bases in the world. The company has been included in the 10 billion projects supported by Ningbo.

Since the first PTA plant with an annual output of 600,000 tons was started on May 22, 2003, with the strong support of government departments at all levels in China, Zhejiang Province and Ningbo City, after nearly 22 months' struggle by Yisheng people, it was completed and put into operation on March 17, 2005, and it reached full capacity within one week of production, with stable operation and leading position in production capacity, quality and consumption.

In the increasingly fierce market competition, the company makes full use of its unique advantages, takes the pursuit of the world's first PTA production capacity as the long-term goal, and makes unremitting efforts to become the most competitive enterprise in the same industry in China and even the world.