Shanghai Petrochemical, , full name Sinopec Shanghai Petrochemical Company Limited , the subsidiary

Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 company of Sinopec

Sinopec

China Petroleum & Chemical Corporation Limited , or Sinopec Limited , is a majority owned subsidiary of state owned company Sinopec Group. Sinopec Limited is listed in Hong Kong and also trades in Shanghai and New York ....

, is one of the largest petrochemical

Petrochemical

Petrochemicals are chemical products derived from petroleum. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn or sugar cane....

 enterprises in Mainland China

Mainland China

Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...

. It is engaged in productions

Production, costs, and pricing

The following outline is provided as an overview of and topical guide to industrial organization:Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions...

 of ethylene

Ethylene

Ethylene is a gaseous organic compound with the formula . It is the simplest alkene . Because it contains a carbon-carbon double bond, ethylene is classified as an unsaturated hydrocarbon. Ethylene is widely used in industry and is also a plant hormone...

, fiber

Fiber

Fiber is a class of materials that are continuous filaments or are in discrete elongated pieces, similar to lengths of thread.They are very important in the biology of both plants and animals, for holding tissues together....

, resin

Resin

Resin in the most specific use of the term is a hydrocarbon secretion of many plants, particularly coniferous trees. Resins are valued for their chemical properties and associated uses, such as the production of varnishes, adhesives, and food glazing agents; as an important source of raw materials...

 and plastics. The company is registered in Shanghai

Shanghai

Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

. Its headquarters are in Jinshan District

Jinshan District

Jinshan District of Shanghai is neighbouring Zhejiang and near Hangzhou Bay. It has a land area of 586.14 km² and a population 536,900 as of 2001....

, Shanghai

Shanghai

Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

.

There have been hopes that Sinopec, Shanghai Petrochemical's parent company

Parent company

A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...

, will process share reform and privatize Yizeng Chemical Fibre

Yizeng Chemical Fibre

Yizeng Chemical Fibre , , full name "Sinopec Yizeng Chemical Fibre Company Limited" or short name "Yizeng", is the subsidiary company of Sinopec, which is engaged in sales and production of fibres and fibre materials on Mainland China...

and Sinopec Shanghai Petrochemical, but the plan does not finalize until this moment.

External links

• Sinopec Shanghai Petrochemical Company Limited
• Sinopec Shanghai Petrochemical Company Limited