Rongsheng Petrochemical Co., Ltd.
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Rongsheng Petrochemical Co., Ltd. - overview
Established
1995
Location
Hangzhou, Zhejiang, China
Primary Industry
Oil & Gas
About
Established in 1995 and based in Hangzhou, China, Rongsheng Petrochemical operates as a petrochemical and chemical fiber related products developer that provides purified terephthalic acid, MEG and polyester and polyester yarn, etc. The company is headquartered in Hangzhou and passed ISO9001, ISO14001, OHSAS18001, Oeko-Tex Standard 100 certification and carbon footprint certification. It has a high-tech R&D center, academician expert workstation and enterprise technology center. In March 2023, Saudi Aramco became the strategic partner of the company and it agreed to acquire a 10% minority stake in the company from Zhejiang Rongsheng Holding Group for CNY 24.
6 billion. In August 2023, the company was ranked in the Fortune Global 500 list. The company engages in the research and development of AT and polyester fiber related products. Its products include polyester drawn yarn, polyester low elastic yarn, polyester pre-oriented yarn, polyester chips and purified terephthalic acid.
Products can be applied in the fields of textiles, filaments, packaging materials and films, etc. The revenue of the company was about CNY 289. 1 billion in 2022.
Current Investors
Saudi Aramco
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas, Oil & Gas Equipment and Services, Petrochemicals
Website
www.cnrspc.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Rongsheng Petrochemical Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Rongsheng Petrochemical Co., Ltd. | - |
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