Sinopec Yizheng Chemical Fiber Co., Ltd. (600871)

Sinopec Yizheng Chemical Fiber Co., Ltd. (600871)

Yizheng Chemical Fiber Co., Ltd. of Sinopec and Yizheng branch of Asset Management Co., Ltd. of Sinopec Group (Yizheng asset branch), collectively referred to as Yihua company, are located in Yizheng City, Jiangsu Province, covering an area of about 10 square kilometers. Yihua company is a key construction project from the sixth five year plan to the tenth five year plan. Its predecessor was Yizheng Chemical Fiber Industry United Company. In 1998, it joined Sinopec as a whole.

Yihua Co., Ltd. is mainly engaged in the production and sales of polyester and polyester fiber. At present, it has 2 sets of PTA production units with a production capacity of 1 million tons / year; 16 polyester production lines with polyester polymerization capacity of 2.2 million tons / year; 34 polyester staple fiber (hollow) production lines with a capacity of 800000 tons / year; 5 production lines of bottle grade chips with a capacity of 450000 tons / year; 2 sets of UHMWPE fiber dry spinning units with a capacity of 1300 tons / year; 1 set of para aramid fiber test device with a capacity of 100 tons / year; 1 set of 1,4-butanediol (BDO) plant with a capacity of 100000 tons / year; And supporting water, electricity, gas, steam and other public works.

Yizheng asset branch has three production units and community management center. PBT production center mainly produces engineering plastics (PBT), with two sets of units, with a capacity of 91000 tons / year. Two joint ventures, Yihua Toray Polyester Film Co., Ltd. and Yihua Bona Fabric Co., Ltd., are jointly established with Toray Co., Ltd. of Japan and bona International Holding Co., Ltd. of UK to produce polyester film and polypropylene fabric respectively.

Yihua company adheres to the green and low-carbon development strategy, the core business philosophy of "customer satisfaction as the center", and the quality policy of "science and technology leading, quality leading, Yizheng Chemical fiber continuously meeting the needs of users", so as to build a resource-saving, environment-friendly and "highly responsible and highly respected" enterprise, and become a "domestic leader, "World class" chemical fiber enterprises. Yihua company implements integrated management, with 16 secondary units, 4 directly subordinate organizations and 13 functional departments. By the end of 2015, there were 7293 regular employees in Yihua company.

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