China's Hailide expanding Vietnam polyester filament plant

Hailide New Material, a Chinese maker of rubber reinforcement materials, expects to add 42,000 tonnes polyester filament annual capacity at its Vietnam plant by the end of March.

Located at Phuoc Dong Business Park in Tay Ninh province, the project covers 33 hectare and has 108,000 square metre building floor area. It has 110,000 tonnes overall designed annual capacity for polyester filament yarns with EURO130 million ($155 million) investment earmarked. 

The project was initially announced in 2018 and was the first overseas manufacturing site for Chinese reinforcement materials makers. Hailide already started up facilities with 37,000 tonnes annual capacity at the plant over the second half of 2020.

The plant is estimated to generate EURO27 million annual profit on EURO178 million sales when in full operation.

The company is also known by its brand name Halead, and has 210,000 tonnes polyester filament annual capacity in China.