Shanghai Huayi (Group) Company is a large-scale enterprise group company authorized by the State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government through asset reorganization. Formerly known as Shanghai Chemical Industry Bureau, it was transformed into Shanghai Chemical Holding (Group) Company on February 28th, 1995, and transformed into Shanghai Huayi (Group) Company with Shanghai Medical Bureau on October 4th.
The company is mainly engaged in five core businesses: energy and chemical industry, green tires, advanced materials, fine chemicals and chemical services. At present, Huayi Group has nearly 40,000 employees, whose main businesses are coal-based cogeneration and clean energy products manufacturing, tire rubber products and polymer materials manufacturing, fine chemicals manufacturing, chemical logistics and chemical services, biomedicine and biochemical products manufacturing. Products involved in basic chemicals, clean energy, rubber products, plastics, coatings, dyes and pigments, fluorine chemicals, reagents, additives, pharmaceutical intermediates, biochemical products, chemical equipment and so on. In 2007, Huayi Group's total industrial output value exceeded 42 billion yuan, its assets exceeded 36 billion yuan, its sales revenue reached 32 billion yuan, and its export earned 920 million US dollars.
In recent years, Huayi Group has given full play to its brand, technology, management and talent advantages, unswervingly implemented the "going out" strategy, built new production bases in resource-rich areas, and carried out new production layout.