# Huafon Chemical to invest 3.6B yuan in 200,000-ton spandex expansion in Ruian

Huafon Chemical announced a 3.6 billion yuan investment to expand spandex production capacity by 200,000 tons per year at its Ruian Economic Development Zone site. The project will be built in two phases over 60 months.

- Type: Expansion
- Announced: 2026-01-30
- Where: Ruian Economic Development Zone, Zhejiang, China
- Value: $500.0M (3.60B CNY)
- Starts operating: Feb 2031
- Status: announced
- Capacity: 200,000 tons/year
- Products: spandex
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Huafon Chemical](https://endata.com/companies/78630.md)

## Sources

- [news.chemnet.com](https://news.chemnet.com/news-1762.html), 2026-02-03: "Huafon Chemical announced that the company plans to invest in the construction of an expansion project for an annual production of 200,000 tons of high-performance, low-carbon, digital, and intelligent spandex new materials"
- [chinatexnet.com](https://www.chinatexnet.com/textile-news/2026-02-24/1068124.html), 2026-02-24: "Huafon Chemical has announced its plan to invest 3.6 billion yuan in the construction of a '200kt/year high-performance, low-carbon, digitalized spandex new materials expansion project.'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.