Hengli Group
The Hengli Group is a Chinese company active in oil refining, petrochemicals, polyesters and textiles. It operates the world's largest terephthalic acid factory.
Hengli was founded in Suzhou as a weaving factory in 1994 by husband and wife Chen Jianhua and Fan Hongwei.
One of the world's largest companies, Hengli was ranked 67th in the Fortune Global 500 for 2021, and 3rd on a list of China's top 500 Private Enterprises. In 2018, Hengli debuted on World Brand Lab's "World's 500 Most Influential Brands" list at no.436 and climbed to no.379 in 2021.
It is described as "focused on energy efficiency in both their products and processes."
In 2020, environmentalists criticised the Hengli Group's plans to begin manufacturing plastics from coal.
In 2021, the company was criticised for seeking only male candidates for positions as drivers in Guizhou.
Subsidiaries
Three subsidiaries are publicly traded:- Hengli Petrochemical Co., Ltd.,
- Guangdong Songfa Ceramics Co., Ltd.
- Suzhou Wujiang Tongli Lake Co., Ltd.