Hyosung Spandex phase I project meets the conditions for commissioning – ChinaTexnet.com
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Hyosung Spandex phase I project meets the conditions for commissioning

2021-10-13 08:48:15 CCFGroup

On October 1st P.M. 18:00, the electricity delivery of the first phase of Hyosung Spandex (Ningxia) Co., Ltd., a foreign investment project in Ningxia, was successful, which meant that the enterprise has formally met the conditions for commissioning.

Foreign investment company Hyosung Spandex (Ningxia) Co., Ltd. is located in Ningdong Energy and Chemical Base, jointly funded and built by Hyosung TNC of South Korea and Hyosung Company of Turkey, with a total investment of 12 billion yuan and 360kt/year of spandex and 300kt/year of polytetrahydrofuran (PTMEG) capacity, with an estimated annual sales income of 10.2 billion yuan after it is completed and put into production.

Li Dashui, electrical director of Hyosung Spandex (Ningxia) Co., Ltd., said that since the project was officially settled in Ningdong Energy and Chemical Base in March this year, with the care and assistance of leaders at all levels in the autonomous region, the first phase of construction has been completed and is scheduled to start production on November 1.

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