Hengyi Industries Sdn Bhd held a media appreciation day at Pondok Sari Wangi Seafood Restaurant, Kampong Jerudong, attended by members of print, electronic and social media yesterday.
“It is through the media that we reach and inform the public of our milestones, events and initiatives. With positive and accurate coverage on Hengyi Industries, we increase awareness and interest of our company in the local community,” said Hengyi Industries Chief Executive Officer (CEO) Chen Lian Cai.
Chen said the year 2020 was full of unique challenges for the company.
“We started operations of our petrochemical complex in Pulau Muara Besar (PMB) by the end of 2019 before the COVID-19 outbreak impacted the country.
“Despite the challenges, we remained in high operation load throughout 2020 and exported over 6.38 million tonnes of petroleum products and 1.7 million tonnes of petrochemical products.
“We achieved a sales revenue of up to USD3.5 billion, contributing to Brunei’s gross domestic product (GDP) growth in 2020,” he said.
According to statistics from the Department of Economic Planning and Statistics (JPES) and Hengyi’s internal trade statistics from January to September 2020, Hengyi’s production value accounted for 4.48 per cent of Brunei’s total GDP and 50.57 per cent of Brunei’s total trade volume, with its export accounting for 44.6 per cent and import accounting for 59.27 per cent of the national figure.
Hengyi entered into a commercial agreement with Brunei Shell Marketing Company Sdn Bhd (BSP) as part of the company’s commitment to supplying fuel products to the local market.
From May 2020 to December 2020, Hengyi supplied 283,000 tonnes of fuel products for
“I am delighted to say that we contributed to the diversification of the nation’s downstream industry and made significant progress in helping the nation realise Brunei Vision 2035’s goal of creating a dynamic and sustainable economy,” said Chen. “Hengyi is committed to pushing for local recruitment and we have also made progress in supporting the Bruneisation directive.”
The CEO added, “We have hired 675 local staff and achieved 40 per cent localisation in our first year of operation. We aim to increase our localisation efforts each year.
“We also provide our local staff with the opportunity to develop their skills with training programmes while encouraging our experienced staff to share their knowledge.
“Hengyi is also committed to supporting economic growth and have made significant progress in increasing the in-country value’s (ICV) development by opening more opportunities to local businesses.
“We have worked with 87 local businesses and created over 1,500 indirect employment opportunities in engineering services such as chemical materials, construction, towage, pilotage and commercial inspection; the logistics sector like security, chartered flight, catering, transportation, apartment rental, cleaning; and in fields like financing services.
“To enhance the knowledge and skills of local youth, Hengyi has established scholarship programmes through joint-collaboration with Universiti Brunei Darussalam, Zhejiang University, Institute of Brunei Technical Education (IBTE) and Lanzhou petrochemical Polytechnic.
“Hengyi has sent 203 Bruneian students to China to further their studies in petrochemical engineering. In 2020, Hengyi launched a new collaboration with Politeknik Brunei and is in discussion with other universities and technical schools to create new scholarship programmes.
“In facing the COVID-19 outbreak, Hengyi Industries actively supported local communities. “Last year, Zhejiang Hengyi Group took the lead in supporting the Government of His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam, in the fight against the pandemic by donating USD1 million to the Ministry of Health (MoH). We also carried out our annual donation drives to provide underprivileged families with basic necessities during Ramadhan.
“We conducted two reforestation projects in 2020, and continue to uphold our uncompromising pledge by planting more tree saplings on a regular basis, to contribute to environmental protection.
“We have also identified and relocated vulnerable species of sea grass from PMB to Pulau Bedukang to help protect the nation’s biodiversity.
“We believe in the future. The PMB industry will be in a much competitive position in attracting potential investors, and doing a better job in facilitating Brunei’s economic diversification and creating downstream spinoffs and employment opportunities.”