Xinxiang Chemical Fiber's 100kt/year functional spandex fiber phase II project progress

According to the announcement, to fully utilize the company's spandex production resources, optimize its product structure, expand spandex capacity, enhance the market competitiveness of its products, and improve economic efficiency, the company plans to implement the Phase II Project of 100kt/year Functional Spandex Fiber Project.

The Phase II Project of 100kt/year Functional Spandex Fiber Project of Xinxiang Chemical Fiber Co., Ltd. will produce super fine denier spandex, with an annual capacity of 50,000 tons. The construction site is located in the National Xinxiang Economic and Technological Development Zone. The total investment of this phase is approximately 1.05 billion yuan. The company will raise project funds through various channels, including bank loans, based on actual conditions. The project is scheduled to start construction in the third quarter of 2026, with a construction period of 14 months.

The project focuses on the development and production of differentiated and functional spandex products. In terms of process and equipment, it adopts continuous polymerization and dry spinning technology. The core technologies and key equipment include the industry's unique 150?end/200?end spinning chimneys, high?efficiency winders and polymerization units, integrated with automatic doffing and intelligent sorting systems. In process control, digital and intelligent technologies are fully applied to achieve precise monitoring and intelligent management of the entire production process. For power supply, high?efficiency power stations will be built, combined with intelligent algorithms to realize accurate energy scheduling and optimized allocation, which will significantly reduce production energy consumption while continuously improving product quality.

Upon full operation, the project is expected to generate additional annual sales revenue of 1.25 billion yuan and additional annual sales profit of about 150 million yuan. Upon completion, the company's market competitiveness will be further enhanced.