Founded in January 1994, Longxing Chemical Stock Co., Ltd. was formerly known as Hebei Shahe Carbon Black Factory, transformed as “Hebei Longxing Chemical Group Co., Ltd.” in August 2004 and integrally changed into “Longxing Chemical Stock Co., Ltd.” in January 2008. The company mainly produces carbon black, with carbon black revenue accounting for about 98% of the total revenue. In addition, the waste heat of tail gas generated by carbon black devices is used for power generation.