Zhongtai Group

Zhongtai Group is a wholly state-owned company funded by the People's Government of Xinjiang Uygur Autonomous Region and directly supervised by the State-owned Assets Supervision and Administration Commission of the Autonomous Region. It is mainly engaged in the planning and design, project construction, resource development, product production and sales of industries such as chlor-alkali chemical, coal chemical, and petrochemical. The enterprise's predecessor was the Xinjiang Caustic Soda Plant, established in 1958. In December 2001, it completed a shareholding reform and established Xinjiang Zhongtai Chemical Co., Ltd., which went public in 2006. To develop Xinjiang's local chemical industry, in July 2012, the Autonomous Region People's Government funded the establishment of Zhongtai Group on the basis of Zhongtai Chemical.
Over the past 50 years, relying on Xinjiang's abundant resources and seizing the rare opportunity of the western development strategy, the enterprise has utilized the capital market platform to raise over 7 billion yuan in four rounds of financing and 2.6 billion yuan in corporate bonds within seven years. These raised funds and supporting funds have been continuously used for technological transformation and project construction, expanding production scale, and achieving an organic combination of capital and resources, with an average annual economic growth rate of over 40% for 13 consecutive years. Especially since the first Central Xinjiang Work Symposium, we have seized the opportunity of the country's differentiated industrial policies for Xinjiang. From April 2011 to November 2012, we invested over 15 billion yuan in Fukang to build the Fukang Zhongtai Industrial Park and the Dahuangshan Zhongtai Industrial Park. The company has now become a large state-owned chlor-alkali enterprise with an annual production capacity of 1.5 million tons of polyvinyl chloride resin, 1.1 million tons of ionic membrane caustic soda, 1.2 million kilowatts of installed capacity, and 1.8 million tons of calcium carbide, ranking first in the industry in terms of production capacity. Currently, the company has more than 30 wholly state-owned, holding, and participating subsidiaries, as well as six major industrial parks in Midong, Ganquanbao, Dahuangshan, Fukang, Toksun, and Qitai, with total assets of over 30 billion yuan, annual sales revenue of about 15 billion yuan, annual profits and taxes of over 1 billion yuan, and more than 13,700 employees.