Yizheng Chemical Fibre Co., Ltd. (hereinafter referred to as Yizheng Chemical) is a holding company of Sinopec Corp. and also the largest production base of chemical fiber and chemical material in China. According to its production capacity in 2001, Yizheng Chemical is the 5th largest polyester manufacturer in the world. Main equipment and technologies for PET and spinning was imported from Zimmer, AG in Germany and from Toyobo Co., Ltd. in Japan respectively. Phase 1 construction of the project was started in 1982, the first production unit was put into operation in Jan.1984, Phase 2 started in Jan.1985 and was completed in Oct.1990, resulting in PET production capacity of 500 thousand t/y. The total investment for Phase 3 is RMB3.67 billion, main equipment and technologies were imported respectively from countries as France, Germany, America, Japan and Italy. Phase 3 was sta
