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Founded on October 18, 1994, Zhejiang Hengyi Group Co., Ltd. is the first business group, which was established according to the modern enterprise system and approved by the provincial government after the implementation of the Company Law. Taking PTA (Purified Terephthalic Acid), polyester spinning and chemical fiber elasticizing as the pillar industry and involved in several fields like financial investment and import & export business, Hengyi is a large modern private enterprise with highly integrated industrial chain, the core business and secondary businesses of which make their respective advantages complementary to each other. As the largest supplier of textile raw materials in China, Hengyi now has total assets of about 20 billion Yuan and 5000 employees. It has been ranked as one of the Top 500 Enterprises in China and one of the Top 100 Enterprises in Zhejiang Province for several years in a row.
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