After investing 10 billion yuan in Ningbo to build the country's first pure private 600,000-ton/year PTA (pure terephthalic acid) project, Zhejiang Hengyi Group, the leading textile company in China, and Zhejiang Rongsheng Group, joined forces again and went north to Dalian. Invest in petrochemical projects. The two companies cooperated with Heilongjiang Longdi Co., Ltd. and Dalian Dahua Group Co., Ltd. to jointly invest in terephthalic acid projects in the Dalian Development Zone. On September 10, four companies formally signed a joint venture contract and an investment agreement.
The total investment of the project is 3.6 billion yuan. According to the plan, the construction period of the project is 24 months. The first phase of the project will be planned to build an annual production capacity of 500,000 tons, and the annual production capacity will reach 1.2 million tons. PTA is mainly used for the production of polyester chips and polyester fibers, and it belongs to the upstream industry of the petrochemical industry. In the first 7 months of this year, the average price of PTA increased, and the market supply was very tight.
Under the background that the chemical fiber industry is facing a decline in overall benefits, the petrochemical upstream industry is becoming a new round of investment hot spots for powerful civilian chemical fiber enterprises in Zhejiang. Zhejiang Hengyi and Zhejiang Rongsheng are both leading companies in Zhejiang chemical fiber industry. Hengyi Group's existing total assets of nearly 5 billion yuan, more than 4,000 employees; Zhejiang Rongsheng Chemical Fiber Group has now been developed from traditional weaving to chemical fiber petrochemical integrated development, employs more than 3,000 people, total assets of 4 billion yuan.
It is understood that the project has received the attention of the National Development and Reform Commission, and has been included in the national revitalization of the old industrial base in Northeast China government debt support project. It is worth noting that this project not only fills the gaps in the petrochemical industry in the middle and lower reaches of Dalian, but also represents a new breakthrough in the northeastern petrochemical system, which is mainly based solely on state ownership.
The total investment of the project is 3.6 billion yuan. According to the plan, the construction period of the project is 24 months. The first phase of the project will be planned to build an annual production capacity of 500,000 tons, and the annual production capacity will reach 1.2 million tons. PTA is mainly used for the production of polyester chips and polyester fibers, and it belongs to the upstream industry of the petrochemical industry. In the first 7 months of this year, the average price of PTA increased, and the market supply was very tight.
Under the background that the chemical fiber industry is facing a decline in overall benefits, the petrochemical upstream industry is becoming a new round of investment hot spots for powerful civilian chemical fiber enterprises in Zhejiang. Zhejiang Hengyi and Zhejiang Rongsheng are both leading companies in Zhejiang chemical fiber industry. Hengyi Group's existing total assets of nearly 5 billion yuan, more than 4,000 employees; Zhejiang Rongsheng Chemical Fiber Group has now been developed from traditional weaving to chemical fiber petrochemical integrated development, employs more than 3,000 people, total assets of 4 billion yuan.
It is understood that the project has received the attention of the National Development and Reform Commission, and has been included in the national revitalization of the old industrial base in Northeast China government debt support project. It is worth noting that this project not only fills the gaps in the petrochemical industry in the middle and lower reaches of Dalian, but also represents a new breakthrough in the northeastern petrochemical system, which is mainly based solely on state ownership.
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