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Honghai New Material to construct a new POY and FDY project
Honghai New Material (Suqian), a subsidiary wholly-owned by Jiangsu Eastern Shenghong Co., Ltd., announces to construct a fresh functional fiber project with capacity of 1 million mt/yr, including 42 production lines of POY, 6 lines of FDY, workshops, auxiliary facilities, etc, with total investment of 6.655 billion yuan.
The project is located at Sujian City of Jiangsu Province. It would be divided into 2 phases, and the construction of each phase is expected to last for 2 years.
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