Sinopec Shanghai Petrochemical Co. Ltd. is engaged in the processing of crude oil into petrochemical products for sale. It produces refined oil products, intermediate petrochemicals, synthetic resins and synthetic fibers. The company operates its business through the following segments: Synthetic Fibers, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products and Trading of Petrochemical Products. The Synthetic Fibers segment produces primarily polyester and acrylic fibers, which are mainly used in the textile and apparel industries. The Resins and Plastics segment produces primarily polyester chips, polyethylene resins and plastics, polypropylene resins and PVA granules. The Intermediate Petrochemicals segment primarily produces p-xylene, benzene and butadiene. The Petroleum Products segment is equipped with crude oil distillation facilities used to produce vacuum and atmospheric gas oils used as feed stocks of the Group's downstream processing facilities. The Trading of Petrochemical Products segment is primarily engaged in importing and exporting of petrochemical products. Sinopec Shanghai Petrochemical was founded in 1972 and is headquartered in Shanghai, China.