Sinochem Holdings Corporation Ltd.(“Sinochem Holdings”) is formed through the restructuring of Sinochem Group Co., Ltd. and China National Chemical Corporation Ltd. It is a leading state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council. Headquartered in Beijing, Sinochem Holdings has more than 220,000 employees.
Hengli Group, founded in 1994, is one of the China’s largest private sector companies. It’s main business including textile, petrochemical, polyester products, and real-estate development. The group also invested in thermal power plants, machinery, financial services and hotel. The Group is the largest functional fiber production base and the largest weaving enterprise in the world. It also owns the largest PTA factory of monomer capacity, which is 6.6 million tons annually. Hengli has over 60,000 staffs. Sales turnover reached 160 billion in 2014.