Sinopec Shanghai Petrochemical Company Limited

Type: Public
On the web: http://www.spc.com.cn
Employees: 16,369
Employee growth: (4.4%)

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.

Key numbers for fiscal year ending December, 2010:
Sales: $11,721.1M
One year growth: 55.1%
Net income: $419.1M
Income growth: 80.0%

Officers:
Chairman: Rong Guangdao
Vice Chairman and President: Wang Zhiqing
CFO: Ye Guohua

Competitors:
BASF SE
ExxonMobil Chemical
PetroChina

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