Brief Introduction to Zhejiang Rongsheng Holding Group
Headquartered in Xiaoshan District, Hangzhou, Zhejiang Rongsheng Holding Group was founded in 1989. It has grown into a modern enterprise group with businesses covering petrochemical and chemical fiber, real estate, financial investment and other industries. The Group ranks 154th among China's Top 500 Enterprises, 36th among China's Top 500 Private Enterprises, and 1st among China's Top 100 Private Enterprises in Petroleum and Chemical Industry.
In the petrochemical and chemical fiber sector, Rongsheng adheres to the development strategy of "vertical and horizontal integration". While actively introducing international advanced equipment and continuously developing new products and technologies, the Group has gradually extended its industrial chain upstream. It has formed an integrated production line from aromatic hydrocarbons to downstream purified terephthalic acid (PTA), polyester (PET, including bottle chips and films), and polyester yarns (POY, FDY, DTY). In addition, the Group is building a 40-million-ton-per-year integrated refining and chemical project in Zhoushan, which will be constructed in two phases, with Phase I scheduled to be put into operation by the end of 2018.
In the real estate sector, Rongsheng owns two major segments: Ningbo United Group and Shengyuan Real Estate. It integrates real estate development with cultural and leisure industries, and has successfully developed classic projects such as "Xianghu No.1" and "Liangzhu Cultural Park".
In the field of financial investment, Rongsheng has invested in many commercial financial institutions and actively carried out investments in modern medical treatment, bulk commodities, intelligent technology and other fields. At present, the Group owns several listed companies including Rongsheng Petrochemical (Stock Code: 002493) and Ningbo United Group (Stock Code: 600051), covering petrochemical, real estate and other industries.
Over the years, the Group has persisted in innovative development. It has established scientific and technological innovation platforms such as high-tech R&D centers, academician and expert workstations, enterprise technology centers, and post-doctoral research stations. It has also established cooperative relations with Zhejiang University, Zhejiang Sci-Tech University, Tiangong University and other universities. The Group has built a R&D team including experts from South Korea and Taiwan. In recent years, the Group has achieved fruitful results in the R&D of new products and technologies.
While achieving outstanding business performance, the Group is also committed to repaying the society and actively participates in public welfare undertakings such as poverty alleviation, education support and urban construction.