History
Project Preparation
The project started preparation work.
Project Suspension
Construction of the project was suspended.
Establishment of Yizheng Chemical Fibre Industry United Corporation
Yizheng Chemical Fibre Industry United Corporation was formally founded.
Commissioning of Phase I Project
The Phase I project was put into production with an annual output of 120,000 tons of polyester staple fiber and 60,000 tons of polyester chip.
Commissioning of Phase II Project
The Phase II project was put into production with an annual output of 120,000 tons of polyester staple fiber and 180,000 tons of polyester chip.
Qualified for Standardized Joint-stock Restructuring Pilot
It was listed among the first 9 large and medium-sized state-owned enterprises approved for standardized joint-stock restructuring and launched the restructuring work.
Establishment of Yizheng Chemical Fibre Co., Ltd.
Yizheng Chemical Fibre Industry United Corporation sponsored the establishment of Yizheng Chemical Fibre Co., Ltd.
H-Share Listing
1.4 billion H-shares were listed on The Stock Exchange of Hong Kong Limited.
A-Share Listing & Commissioning of Phase III Project
200 million A-shares were listed on the Shanghai Stock Exchange; the Phase III project was commissioned in December with an annual output of 250,000 tons of PTA, 60,000 tons of polyester chip and 20,000 tons of differentiated filament. The listed entity was renamed Yizheng Chemical Fibre Co., Ltd., while the unlisted entity retained the name Yizheng Chemical Fibre Industry United Corporation.
Enterprise Name Change
Yizheng Chemical Fiber Industrial Complex was renamed Yizheng Chemical Fiber Group Corporation.
Incorporated into China Donglian Petrochemical Group Corporation
The whole enterprise was incorporated into China Donglian Petrochemical Group Corporation.
Affiliated to China Petrochemical Corporation (Sinopec Group)
The whole enterprise joined China Petrochemical Corporation (Sinopec Group).
Renaming of Joint-stock Company
Yizheng Chemical Fibre Co., Ltd. was renamed Sinopec Yizheng Chemical Fibre Co., Ltd.
Restructuring and Renaming of Group Corporation
Yizheng Chemical Fiber Group Co., Ltd. has completed its institutional transformation and been renamed Yizheng Branch of China Petrochemical Corporation Asset Management Co., Ltd., and is now under the jurisdiction of China Petrochemical Corporation Asset Management Co., Ltd.
Trial Run of High-performance Polyethylene Fiber Project
The 300 tons/year dry-spinning high-performance polyethylene fiber project succeeded in one-time trial run, marking the completion of China’s first domestic dry-spinning production line for high-performance polyethylene fiber.
Integrated Management
Yizheng Chemical Fiber's two companies implement integrated management.
Operation of 1000-ton Fiber Project
The 1000 tons/year dry-spinning high-performance polyethylene fiber project was successfully started, making the company China’s largest manufacturer and supplier of high-performance polyethylene fiber 2014 | Major Asset Restructuring of Joint-stock Company | The joint-stock company completed major asset restructuring.
Major Asset Restructuring of Joint-stock Company
The joint-stock company completed major asset restructuring. Sinopec Yizheng Chemical Fibre Co., Ltd. was established at the end of the year as a wholly-owned subsidiary of China Petroleum & Chemical Corporation.
Renaming of Wholly-owned Subsidiary
Sinopec Yizheng Chemical Fibre Co., Ltd. was renamed Sinopec Yizheng Chemical Fibre Co., Ltd.
Commissioning of Melt-blown Fabric Projects
The 4,000 tons/year and 2,000 tons/year melt-blown fabric projects were completed and put into production in batches, helping Sinopec build the world’s largest melt-blown fabric production base.
Business Integration
The productive business of Yizheng Branch, Sinopec Group Asset Management Co., Ltd. was merged into Sinopec Yizheng Chemical Fibre Co., Ltd.
Trial Run of 3 Million Tons/Year PTA Project
The 3 million tons/year PTA project succeeded in one-time trial run, marking the completion of the world’s single largest capacity PTA production unit.
