A few days ago, Jiangsu Oriental Shenghong Co., Ltd. announced that its second-tier wholly-owned subsidiary Jiangsu Ruibang Technology Co., Ltd. is expected to invest 3.538 billion yuan, with a construction period of 2 years, to build an annual output of 250,000 tons. Recycled differentiated and functional polyester filaments and supporting texturing projects.
The project is located in the Economic Development Zone of Siyang County, Suqian, Jiangsu Province. The total construction land area is approximately 395.83 acres. The total investment is expected to be RMB 3.538 billion, of which the construction investment is RMB 3.217 billion. The period interest is 121 million yuan and the working capital is 200 million yuan.
It is reported that the project will build an annual production of 250,000 tons of recycled differentiated and functional polyester filament (polyester pre-oriented yarn POY/FDY) and supporting texturing (using POY as raw yarn and post-processing Processed as stretch textured yarn DTY). The project consists of main production equipment, auxiliary production equipment and public engineering facilities, including an annual output of 250,000 tons of recycled fiber polyester equipment, recycled fiber spinning equipment and texturing equipment supporting 110 texturing machines, among which the main key equipment adopts Imported equipment and other supporting equipment adopt domestic reliable equipment. After calculation, the project is expected to have an average annual sales revenue of 3.983 billion yuan. Once the project reaches production, it will have a positive impact on the company’s subsequent operating performance. </p
