# Hengyi to build CNY 119M polyester fiber plant in Hangzhou

Hengyi Petrochemical's subsidiary Hengyi High-tech Materials will build a new production base with an annual capacity of 500,000 tons of functional polyester fiber in Hangzhou, China. The investment is CNY 119.3 million and the project will be completed in two years.

- Type: New facility
- Announced: 2018-10-09
- Where: Hangzhou, China
- Value: $17.3M (119.3M CNY)
- Starts operating: 2020
- Status: announced
- Capacity: 500,000 tons per year
- Products: functional polyester fiber
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hengyi Petrochemical](https://endata.com/companies/34798.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-hengyi-to-build-eco-friendly-polyester-plant-in-hangzhou), 2018-10-09: "Hengyi appointed its subsidiary Hengyi High-tech Materials to build the plant with an annual capacity of 500,000 tons of functional polyester fiber in its hometown."

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