Xinxiang Chemical Fiber’s 12kt/y Spandex Project to Start Construction at the End of July

Chemical News: Xinxiang Chemical Fiber’s 12kt/y Spandex Project to Start Construction at the End of July

https://www.chemnet.com Jul 08,2010
Xinxiang Chemical Fiber’s Phase I 12kt/y spandex fiber project will start construction at the end of July and put into operation in 2011.

Production capacity of the phase I project is designed as 8kt/y, with total investment reaching Rmb 0.41 billion. After it is on-stream, the company’s economic benefit will further to pick up. Besides, it is predicted that sales revenue and profit will climb respectively by Rmb 0.4 billion and Rmb 0.11 billion.

The Group is principally engaged in manufacture and distribution of chemical fiber textile raw materials. The Group's major products are viscose fibers, including viscose filament yarns and viscose staple fibers, as well as urethane elastic fibers, among others. During the year ended December 31, 2009, the Group produced approximately 120,295 tons of viscose fibers and 6,885 tons of urethane elastic fibers. It distributes its products in domestic and overseas markets.
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