Sinopec Shanghai Petrochemical (SPC) claims to be one of China's largest producers of petrochemicals, polymers, synthetic fibres and petroleum products. It is organised into four units; Petroleum Products, Resins & Plastics, Synthetic Fibres and Intermediate Petrochemicals.
SPC will strategically position itself and be committed to matching external expansion with internal development and focusing on internal development as its mission. This will be led by the ethylene renovation project with a focus on the olefin-polyolefin chain and the polyester chain supplemented by public utility projects.
The company will continue to maintain and expand its existing economies of scale and enhance the overall economic benefits of the integrated oil refining industry. This will increase the company’s overall competitiveness around the world and its capabilities for sustainable growth.
SPC will build on a low-cost strategy, unleash its potentials, optimise resource allocation and maximise effectiveness on management, production, innovation and marketing in order to enhance its competitiveness through cost reductions and optimised adjustments.
Located at Jinshanwei in the Jinshan district of Shanghai, Sinopec Shanghai Petrochemical employs 17,597 people and had net sales of RMB 59bn in 2008.
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Key Personnel
Chairman and president: Rong Guangdao
Vice chairman: Du Chongjun
Executive director and CFO: Han Zhihao
Executive director and vice president: Li Honggen
Executive director and vice president: Shi Wei
Executive director: Dai Jinbao
Director (development and planning): Lei Dianwu
Deputy director (chemical): Xiang Hangyin
Independent director: Chen Xinyuan
Independent non-executive director: Sun Chiping
Independent non-executive director: Jiang Zhiquan
Independent non-executive director: Zhou Yunnong
(Updated May 2009)
Contacts
Sinopec Shanghai Petrochemical Company Ltd (SPC)
48 Jinyi Road
Jinshan District
Shanghai
PRC 200540
Tel: + 8621 5794 3143
Fax: + 8621 5794 0050
Email: spc@spc.com.cn
www.spc.com.cn
Shanghai Petrochemical
Company Structure
The Shanghai Petrochemical Company (SPC) claims to be one of China's largest producers of ethylene. SPC was founded in 1972 as China's first large petrochemical company, using imported equipment and technology. Sinopec, which is controlled by the Chinese government, owns about 55% of SPC. Supported by growth and further reforms in the oil industry, China Petroleum & Chemical (Sinopec) restructured SPC in 1993 and listed it on the Shanghai, Hong Kong and New York stock markets.
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Shanghai Petrochemical
Strategy & Financial Highlights
Shanghai Petrochemical Company (SPC) states that the ‘opportunities, challenges and strategies ahead’, that are laid out in the ‘China Eleventh Five-year Plan’ will commence in 2007, during which increasing economic globalisation, advancement in science and technology and the recovery of the world’s economy is expected to facilitate steady growth of the global petroleum and petrochemical industry. (Edited from annual report and company website). ICIS also provides you with key financial data listed in table form.
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