Yizheng Chemical Fiber Company is the collective name of Sinopec Yizheng Chemical Fiber Co., Ltd. (referred to as Yihua Co., Ltd.) and Sinopec Group Asset Management Co., Ltd. Yizheng Branch (referred to as Asset Company Yizheng Branch). It is located in Yizheng City, Jiangsu Province, covering an area of 10 Square Kilometers, formerly known as Yizheng Chemical Fiber Industry United Company, was prepared in 1978 and established in 1981. It was reorganized into a joint-stock company in 1993 and joined Sinopec in 1998. In 2014, it was reorganized into a wholly-owned subsidiary of Sinopec.
Yizheng Chemical Fiber Company is Sinopec's mid-to-high-end polyester production base and special fiber production base. It has a PTA production capacity of 1.42 million tons/year (including joint venture equity production capacity of 420,000 tons/year), a polyester production capacity of 2.4 million tons/year (including polyester chips, staple fibers, hollows, and bottle flakes), and an ultra-high molecular weight polyethylene fiber production capacity. 3,300 tons/year, para-aramid production capacity 1,000 tons/year, maleic anhydride production capacity 100,000 tons/year and melt-blown cloth production capacity 6,000 tons/year, engineering plastics (PBT) production capacity 160,000 tons/year, polyester film production capacity 45,000 tons/year (joint venture with Japan's Toray) and 100 million square meters/year of polypropylene fabric production capacity (joint venture with Germany's Freudenberg). The company's polyester product differentiation rate reaches over 99%, and its quality is in a leading position in the country. Among them, the production and sales volume of polyester staple fiber ranks first in the world. High-performance polyethylene fiber and para-aramid fiber are completely independent intellectual property rights, and high-performance polyethylene fiber adopts the only dry process technology in China.
Yizheng Chemical Fiber Technology Center is one of the first 40 enterprise technology centers recognized by the country. Yizheng Chemical Fiber Company adheres to the green and low-carbon development strategy, adheres to the core business philosophy of "customer satisfaction as the center", adheres to the quality policy of "quality leadership, innovation-driven, Yizheng Chemical Fiber continues to meet user needs", and creates a resource-saving, environment-friendly Enterprise, build a "domestic leading, world-class" professional company of synthetic fibers and new materials.
Yizheng Chemical Fiber Company implements integrated management and consists of 13 departments, 3 directly affiliated institutions and 17 secondary units (including 2 joint ventures). As of December 31, 2021, the company currently has 5,924 employees and 2,304 party members.