Founded on 13 June 1970, Zhejiang Longsheng Group Co., Ltd. has now evolved into a comprehensive multinational enterprise group spanning manufacturing, real estate, and financial investment sectors. On August 1, 2003, Zhejiang Longsheng Group became the first company in China dyestuff industry to be listed on the Shanghai Stock Exchange (Stock Code: 600352). Today, the Longsheng Group enjoys a workforce of more than 10,000 dedicated individuals and has nearly 100 subsidiaries with a domestic presence in Zhejiang, Shanghai, etc. and overseas presence in Singapore, Germany, the United States, India, etc.
In the manufacturing sector, the company focuses on its core business of chemical, sheet metal, and auto parts, of which chemical manufacturing is divided into many sub-business units such as textile chemicals, fine chemical intermediates, building materials chemicals, inorganic chemicals, etc. With the acquisition of the world’s leading dyestuff manufacturer DyStar Group in 2010, Longsheng became a world-class specialty chemical producer and service provider. Through DyStar, we cater to more than 7,000 textile industry clients that make up 21 percent of the global market share. In 2016, Longsheng acquired Emerald, a specialty chemicals manufacturer in the United States, to expand into the food chemicals industry.
Centered in Shanghai, Longsheng real estate business is committed to boosting urban construction and improving the living environment. So far, the total size of people’s livelihood projects in former Zhabei and other districts that have been built by the company is almost 400,000 square meters. Longsheng real estate continues to promote the reconstruction of the old area including Huaxing New Town, Datong base, and Huangshan Road projects in the new Jing’an District, with a total investment of nearly 40 billion yuan.
By taking advantage of own operational cash flow and low financing cost, Longsheng maintains a steady growth of its financial investment business, with a total investment of more than 3 billion yuan for the recent three years.
Today, the company is marching towards an international modern enterprise group and aspiring to become a world-class specialty chemicals manufacturer and service provider.