In the morning of May 28, the inauguration ceremony of Zhenhai petrochemical Haida Development Company Ltd was held, the plaque ,unveiled by Jiang Zhenghong, president and Party secretary of ZRCC and Chen zhaohua ,vice Party secretary of Zhenhai district, signified that a new company was born , which is peeled off from the mother company of ZRCC. Over the past 4 years, the top management of ZRCC has been working on stripping the auxiliary assets from the ZRCC to upgrade the global competitiveness of ZRCC.