Zhejiang Longsheng Completes Full Ownership of Dystar Through Minority Stake Buyout

Zhejiang Longsheng reports that it ranked 387th on the 2026 China Private Enterprise 500 list and 281st on the China Manufacturing Private Enterprise 500 list, both published by the All-China Federation of Industry and Commerce on September 22. The company says it completed full ownership control of Dystar by acquiring minority stakes for US$702 million, and that annual carbon reduction in production has stayed above 10%. It also plans to pursue high-value new materials and global supply-chain integration during the 15th Five-Year Plan period.

Key facts

Market context

Reactive, disperse and other synthetic dyes are the core products in this story. Dyes are used to color cotton, polyester and other textile fibers, and apparel and home textiles are the main end markets that drive demand, with pigment and specialty chemical uses adding smaller volumes. Dye demand tends to follow global apparel production and retail cycles, while raw material costs such as aromatic intermediates and energy shape producer margins. When one supplier takes direct control of a dye business and its distribution network, the change can alter how production, inventory and customer orders are coordinated across regions. Such consolidation can also shift competitive positioning among dye makers, since buyers often weigh supply reliability and service alongside price. Market participants typically watch whether integration leads to changes in product range, pricing discipline or regional sourcing over time.

Source: official release on lonsen.com. Summary and context written by Market Krystal.