Sinopec Shanghai Petrochemical Company Limited
Company Information

Sinopec Shanghai Petrochemical Company Limited Company Profile

China's own entry into the world of giant chemical companies, Sinopec Shanghai Petrochemical Company is one of that country's largest producers of ethylene, a crucial ingredient in the manufacture of synthetic fibers and plastics. It also makes petroleum-based fuels and oils and other intermediate petrochemicals, such as benzene. The company operates primarily within China; most of its revenues are from eastern China. Though it was founded as a maker of synthetic fibers, that segment is Shanghai Petrochemical's smallest now; petroleum products account for almost half of sales. China Petroleum & Chemical (Sinopec), which is controlled by the Chinese government, owns about 55% of Shanghai Petrochemical.