Established in 1994, Hengli Group started as a textile factory in Jiangsu and gradually developed into one of the largest weaving companies in the world. Leveraging technological innovation, Hengli Group eventually diversified into different sectors, including chemical fibre, polyester new materials, petrochemicals, oil refining and aromatics, amongst others. At the same time, Hengli Group also constantly innovates and streamlines its production processes. One evident example is the construction of its own production bases in different parts of China. As of January 2022, Hengli Group has production bases located in different parts of China, i.e. Suzhou, Dalian, Yingkou, Suqian, Nantong, Luzhou, Yulin, Huizhou and Guiyang.
In 2017, Hengli Group made its way up the Fortune Global 500 list, a ranking of the world’s largest companies by revenue, where it ranked 268th. Over the years, Hengli Group’s ranking climbed exponentially, a testament of its success in diversifying its businesses. In 2023, Hengli Group ranked 123rd on the Fortune Global 500 list.
Apart from the Fortune Global 500 list, Hengli Group also made it to the World’s 500 Most Influential Brands list (WMIBL) since 2018. This list, compiled by the World Brand Laboratory (WBL), is assessed based on the respective brands’ global influence, i.e. market share, brand loyalty and global leadership. Akin to the Fortune Global 500 list, Hengli Group’s ranking on the WMIBL had also increased significantly since it first made its mark on the list in 2018 where it was ranked 436th. In 2021, Hengli Group was ranked 379th in the WMIBL 2021, climbing up 19 ranks from 2020. In addition, Hengli Group ranked 21st in the Top 500 Chinese Enterprises 2021 list, and 3rd in China’s Top 500 Private Enterprises 2021 list.
The establishment of Hengli Petrochemical International Pte. Ltd. (HPI) in Singapore on 27 October 2017 is an integral part of Hengli Group’s strategic development in the diversification of its businesses.
Progressively, Hengli Shipping International Pte. Ltd. (HSI) was established in 2019. Collectively, as part of Hengli Group’s international strategy of vertical integration, Hengli Singapore, comprising HPI and HSI, engage in the supply and trading of crude oil, petroleum products, petrochemicals and refined oil products. We procure feedstocks for the Group’s 20 million tonnes-per-year refining and chemical integration project. The refined petrochemical products by the Group are then exported and sold internationally via Hengli Singapore. We also manage the shipping and logistics aspects of third-party chartering and vessel vetting.
By leveraging the procurement activities and support from our headquarters, Hengli Singapore also optimises trade by actively seeking trading opportunities. Through access to key commodity exchanges, clearing houses, trading counterparties and banks, Hengli Singapore engages in proprietary trading and hedging activities for our headquarters’ refinery.
To improve the quality of life and promote a better future through responsible and efficient trading of petrochemicals and energy commodities globally.