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Xinxiang Chemical Fiber announced an investment of RMB 1.22 billion in the Phase I project of an annual output of 100,000 tons of functional spandex fiber, located in Xinxiang National Economic and Technological Development Zone. The project will produce 50,000 tons/year of superfine denier spandex fiber, with construction starting in Q1 2026 and a 14-month timeline.
“The proposed investment of RMB 1.22 billion in the Phase I project of an annual output of 100,000 tons of functional spandex fiber, which is expected to bring an annual increase of RMB 1.15 billion in sales revenue and RMB 100 million in sales profit.”ccfgroup.com
Summarized from public sources; check the original articles before acting on it.