Recently the Top 500 Chemical Companies of China 2015 were released in Shanghai, and Huaxing Petrochemical Group Co., Ltd., Shandong Changyi Petrochemical Co., Ltd., Zhenghe Group Co., Ltd., Daqing Zhonglan Petrochemical Co., Ltd., and Qingdao Anbang Petrochemical Co., Ltd., all subsidiaries of ChemChina Petrochemical Co., Ltd., ranked the 25th, 31st, 51st, 124th and 257th place, respectively. Shandong Changyi Petrochemical Co., Ltd. also ranked the 11th among the 2015 Top 100 Companies in the Basic Raw Chemical Materials Manufacturing Industry in China, and Huaxing Petrochemical Group Co., Ltd. and Zhenghe Group Co., Ltd. ranked the 3rd and the 7th of 2015 Top 100 Companies in the Purpose-Specific Chemical Manufacturing Industry in China.
The rankings of the Top 500 Chemical Companies of China are jointly developed by China Chemical Enterprise Management Association (CCEMA) and China Chemical Industry Information Association. Statistical data shows that the top 500 chemical companies are picking up their pace of expansion and development. Compared with those of last year, this year’s rankings see major changes to the composition, with the average sales revenue of RMB 8.69 billion, up by 14.2%, and the average sales revenue of the top 100 companies has increased by 14%.