Xingtai Hengyuan Chemical Group has engaged in sulfur ore mining and sulfuric acid manufacturing, and produces iron powder and phosphate fertilizer.  The company, established in 2000 in Xingtai city, enjoys convenient transportation. It holds assets of 180 million yuan ($28.2 million) with more than 450 staff members.  It runs seven subsidiary companies, responsible for stone, mining and acid and has won numerous honors.  The company has advocated sustainable development, following a scientific method. With its environmental protections and efficient industry pattern, its economic benefits ranked first place in Hebei province.  It has realized sale revenues of 1.9 billion yuan in 2008. In 2009, the company invested more than 300 million yuan in three large projects that provided 400 jobs. It is now affiliated with Haohua Chemicals.  The company seeks to transform into a competitive enterprise.